News Pod #4 - Affirm’s FDIC application and Credit Card Growth

Affirm is officially making a play to become its own bank by submitting applications to establish Affirm Bank through a Nevada-chartered Industrial Loan Company (ILC). This strategic shift aims to strengthen and diversify their platform, allowing them to scale operations and offer FDIC-insured products directly to consumers.

The Free Toaster hosts Carlos Caro and Nick Madrid comment on this and the growth in their credit card program. 

Sign up for The Free Toaster Newsletter (www.thefreetoaster.com) to get our curated news at the intersection of consumer lending & marketing, published every Wednesday.

And then come here on Fridays to get our hot takes on select stories from that edition. 

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Affiliate marketing involves marketing & credit risk expertise, and NMG's founders bring this with 21+ years of lending experience and 8+ years experience as executive affiliate operators.

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