Loan receivables decreased 2.1% to $99.6 billion, primarily reflecting the impact of lower purchase volume. Purchase volume decreased by 3.9%.

The company continued to expand and diversify its portfolio with the addition or renewal of more than 10 partners across its Home & Auto, Digital, Health & Wellness, and Lifestyle sales platforms.

The Home & Auto platform saw increased interest and fees on loans, driven by the Ally Lending acquisition in March 2024, partially offset by lower average loan receivables.

In anticipation that the final rule would become effective, the company implemented a number of product, pricing and policy changes in the prior year.

In light of the final rule being vacated, the company plans to review the product, pricing and policy changes with partners, consistent with its usual business practice of monitoring overall program performance.

The company updated its loss forecasting methodology utilizing a statistical, account-level model that analyzes probability of default and exposure at default for its loan receivables.

The CFPB's final rule amending regulations to lower the safe harbor dollar amount for credit card late fees was vacated by the court on April 15, 2025.

Purchase volume decreased by 3.9% for the three months ended March 31, 2025, primarily reflecting lower consumer spend as well as the impact of credit actions.

The company is subject to regulation, supervision and examination by the Federal Reserve Board, the CFPB, and the OCC.

Purchase volume decreased in Home & Auto, Digital, Diversified & Value and Lifestyle sales platforms, indicating increased competition or changing consumer behavior.

Purchase volume increased in Health & Wellness platform, partially offset by growth in Pet and Audiology.

Continued expansion and diversification of partner portfolio with the addition or renewal of more than 10 partners across its sales platforms.

Other expense increased by $37 million, or 3.1%, primarily driven by costs related to technology investments in information processing.

Efficiency ratio increased from 25.1% to 33.4%, indicating that a higher percentage of revenue is being used to cover operating expenses.

The net charge-off rate for the three months ended March 31, 2025 increased by 7 basis points to 6.38%, as compared to the prior year period.

The increase in other expense was primarily driven by costs related to technology investments in information processing.

The company updated its loss forecasting methodology utilizing a statistical, account-level model that analyzes probability of default and exposure at default for its loan receivables.

The company announced a new partnership with Sun Country Airlines in its Digital sales platform.

The company completed its prior share repurchase program and announced a new share repurchase program of up to $2.5 billion through June 30, 2026.

The Board of Directors increased the quarterly dividend to $0.30 per common share commencing in the second quarter of 2025.

The company's capital ratios remain strong and above regulatory requirements.

The company invests in funds that invest in affordable housing properties and receive affordable housing tax credits.

The Bank received a rating of “Outstanding" in its most recent performance evaluation, which was conducted using the CRA framework that existed prior to the October 2023 final rule.

There is no mention of board diversity or other governance practices in the provided 10-Q filing.

Purchase volume decreased by 3.9% for the three months ended March 31, 2025, primarily reflecting lower consumer spend.

Net interest income increased 1.3% to $4.5 billion, primarily driven by a reduction in interest expense due to lower benchmark rates.

The company is subject to regulation, supervision and examination by the Federal Reserve Board, the CFPB, and the OCC.