Risk Factors Update Summary
- The response to COVID-19 has caused severe disruptions in the U.S. economy, impacting global commercial activity. This could further impact performance and results due to supply chain disruptions, inflation, and labor shortages.
- Credit card receivables grew from $2,119 million in 2022 to $2,411 million in 2023.
- The amount of credit card receivables fluctuated, with the five largest retail partners accounting for over 70% of outstanding private label credit receivables in 2023.
- The company may face challenges evaluating the risk profiles of Internet consumers, impacting funding availability.
- Changes in consumer protection laws could significantly impact business operations and results.
- Failure to keep up with rapid technological changes could damage the company's reputation and business.
- Regulation in privacy and data security areas, such as the California Consumer Privacy Act, could impact operations.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1464343&owner=exclude
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