Who is the ceo of comenity bank

Bread Financial is firmly committed to the principles of EEO and Diversity, Equity, and Inclusion (DE&I). Bread Financial prohibits discrimination and harassment in the workplace against anyone based on any legally-recognized basis, including, but not limited to: race (including wearing a hair or facial hair style that is consistent with cultural, ethnic or racial heritage or identity); religious creed (including religious dress and grooming); color; national origin; ancestry; physical or mental disability; medical condition; genetic information; marital status (including registered domestic partnership status); sex and gender (including pregnancy, childbirth, lactation, and related medical conditions); gender identity and gender expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify); age; sexual orientation; Civil Air Patrol status; military and veteran status; or any other status protected by federal, state or local law (“Protected Categories”).

Bread Financial strives to educate all associates on EEO and DE&I issues and compliance standards, and promptly identify and eliminate any discriminatory policy or practice. This EEO and Diversity Statement applies to all terms and conditions of employment at Bread Financial, including, but not limited to, recruiting, hiring, training, promotion, compensation, termination, layoff, recall, transfer, and leaves of absence.

Bread Financial recognizes the immense benefits of a diverse workforce and is committed to fostering, cultivating, and preserving a culture of DE&I. Our associates and the diverse perspectives and backgrounds they bring to the table are our greatest asset and help drive our company’s success. Accordingly, Bread Financial is committed to creating a culture that attracts and values diversity of thought, experience, background, skills, and ideas – giving our associates the opportunity to thrive within our workplace and contribute to the success of our organization. Promoting an inclusive workplace that reflects the diversity of our cardmembers/customers, brand partners/clients, shareholders and the many communities we support is essential to Bread Financial’s long-term growth and sustainability.

As part of Bread Financial’s commitment to DE&I, Bread Financial established a DE&I Council. This diverse group of associates along with four executive sponsors will serve as a governing body to bring accountability and consistency to Bread Financial’s DE&I efforts and help shape our company’s culture. The DE&I Council will partner with Bread Financial leadership and The Kaleidoscope Group, Bread Financial’s third-party DE&I consulting firm, to establish goals and objectives for Bread Financial’s long-term DE&I strategy, and help to create a fair, trusting and inclusive environment for all associates. The DE&I Council’s ongoing purpose and work will help ensure that decisions and actions across all aspects of our business — including efforts to attract, develop and retain the best talent — align with the DE&I tenets we set forth, and against which we will measure our progress and success.

We know that we are better together!

Sandy, Utah, United States

Work

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• Bachelor of Arts (Communications)

  1977 - 1983

• Credit Cards
• Strategic Planning
• Banking

Ron Ostler – Chairman – Comenity Capital Bank, Alliance Data | LinkedIn.

Will Comenity Bank sue you?

Yes, Comenity Bank can sue you. Comenity Bank can hire a lawyer to file a breach of contract lawsuit against you for the underlying debt, fees, and costs. If you’ve been sued by Comenity Bank, do not ignore the lawsuit; you may have defenses.

Who is Comenity Bank owned by?

Alliance Data
“Comenity” may refer to either Comenity Bank or Comenity Capital Bank, which are both owned by Alliance Data. As far as the average cardholder is concerned, there’s no difference between Comenity Bank credit cards and Comenity Capital Bank cards.

What collection agency does Comenity Bank use?

Comenity Bank pulls credit reports from Equifax and Experian when reviewing applications.

Where is a Comenity Bank located?

Wilmington
Comenity Bank is headquartered in Wilmington and is the 8th largest bank in the state of Delaware.

Is Comenity a real Bank?

Comenity Direct, a brand of Comenity Capital Bank, is a digital bank that offers banking products, including savings accounts and certificates of deposit (CDs). Comenity started as a credit card issuer and introduced its first credit card in 1986.

Is Comenity a safe bank?

Is Comenity Direct FDIC insured? Yes, Comenity Direct is a brand of Comenity Capital Bank, which is FDIC insured (FDIC# 57570). This means that your money is insured for up to $250,000 per depositor, for each account ownership category, in the event of a bank failure.

Does Abercrombie ever have sales?

Like most retailers, Abercrombie has several types of sales . The first type of sale has no specific category and is simply a type of markdown. This is when you see two prices, one of which is crossed out to indicate a drop in price. Interestingly enough this markdown is often on brand new products.

Does Abercrombie own Hollister?

Hollister Co., often advertised as Hollister or HCo., is a global teen and young adult retail brand owned by Abercrombie & Fitch Co. Goods are available in-store and through the company’s online store. In 2019, Piper Jaffray ranked it in the top five clothing brands among teenagers.

Who are Abercrombie’s main competitors?

Abercrombie & Fitch is notable for using “brand representatives” (previously called “models”) for store customer service. Its main competitors are Aéropostale and American Eagle Outfitters.

Who owns Abercrombie and Fitch?

Abercrombie and Fitch is an American retailer clothing shop, run by the CEO Michael Jeffries. This company started out as a clothing shop situated around the United States. Abercrombie owns four other brands ( Abercrombie Kids , Hollister Co., Gilly Hicks and RUEHL No.925).

Alliance Data/Comenity Credit Cards: New Leadership, Again

Both Bloomberg and Business Journals reported on a short serving CEO at Alliance Data, a top private label credit card issuer. After 5 months at the helm, and a shift of headquarters from Dallas to Columbus, CEO Melissa Miller is out, and Citi’s Ralph Andretta is in.  Mr. Andretta assumes the position in February, leaving the retail-centric business in rocky times as we hit the winter holiday season.

The timing is ironic, as The American Banker named Synchrony’s CEO, Margaret Keane, the third most powerful woman in finance. First, on Synchrony:

• Synchrony had its most profitable year in 2018, earning $2.8 billion, a 44% jump from 2017.

Now, on Alliance Data:

As Business Journal reports:

• Melisa Miller is leaving Alliance Data Systems Corp. just five months after she was promoted to CEO and the headquarters moved to Columbus from Texas. Citigroup executive Ralph Andretta will replace her in February, she’ll advise an acting CEO until then.
• “The abrupt C-suite shuffle leaves some apprehension, in our view, as prior dialog suggested that Miller was a permanent replacement,” said a research note released Tuesday by David Holt of CFRA Research. “We highly doubt succession plans were expected to occur within a five-month span.”
• The leadership change announced late Monday “comes as somewhat of a surprise,” said a research note from analyst Sanjay Sakhrani of Keefe, Bruyette & Woods Inc.
• After eight years as CEO of its credit card services business based here, Miller was promoted in June to replace retiring CEO Ed Heffernan. The headquarters moved to its new office complex at Easton from Plano, Texas. Tim King, also in Columbus, was promoted to CFO at the same time, and stays in that role.
• Less than a month ago the company cut 300 jobs in its credit card services division, half of them in Central Ohio, following larger but more gradual cuts over the past 18 months. Alliance Data has about 3,000 employees at Easton and three other offices in the region, down from a headcount of 4,400 in 2018.
• The credit card business was profitable and grew significantly under Miller, Sakhrani said, but with the growth came trouble, especially recently as mall-based retailers compete with Amazon.com. While it hasn’t led to more credit default, the charge business isn’t growing, because retailers’ sales aren’t growing.

Then, let’s turn to Bloomberg:

• Alliance Data Chairman Rob Minicucci said the lender had been looking for someone who could fill the newly created role of chief operating officer and eventually be Miller’s successor.
• “As board members came to know Ralph Andretta and understand the breadth and depth of his card business experience, operational leadership strength and financial expertise, it became apparent that Ralph was an exceptional fit for the immediate strategic needs of Alliance Data,” Minicucci said in a statement. “Hence, a decision was made by the full board to appoint Ralph as the company’s new CEO.”
• Miller joined Alliance Data in 2006 and rose to become president of the card-services unit in 2011. She was named CEO in June, two months after the company announced it would sell Epsilon, its $4.4 billion digital marketing business. She’s tried to focus on partnering with more digital retailers and streamline operations to help save $100 million in expenses.
• “While it’s unfortunate that the company has moved a key executive who has run the private label business successfully over her tenure, we are encouraged by the fact that Mr. Andretta has extensive background in the card business at a large, publicly facing institution,” Sanjay Sakhrani, an analyst at Keefe, Bruyette & Woods, said in a note to clients.
• Replacing Miller weighed on Alliance Data’s shares, which slipped 1% to $103.80 in late trading on Monday. The stock has plummeted 30% this year, the second-worst performance in the 68-company S&P 500 Information Technology Index.

Private Label Credit Cards play a significant role in U.S. consumer credit.  Mercator’s 2018 report on the market estimates there are more than 300 million PLCC cards in the U.S., with Alliance Data in a field of top issuing companies such as Capital One, Citi, Synchrony, and TD Bank. 

Watch for an update for the market, which Mercator plans to publish before the end of 2019.

Overview by Brian Riley, Director, Credit Advisory Service at Mercator Advisory Group