GE Consumer Finance Corp.continues its rapid portfolio growth through acquisition, with the announced purchase of the retail credit card issuer Dillard's National Bank from Dillard's Inc. The sale was for $1.25 billion. Dillard Credit Card Master Trust had securitized twice since 2000, totaling roughly $260 billion in par value ABS. GE, meanwhile, sold its first-ever credit card securitization earlier this year.

 

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