Segment Disclosures (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Disclosures

The following table presents segment data (dollars in millions):
	Direct Banking			Payment Services		Total
For the Three Months Ended March 31, 2020
Interest income
Credit card loans	$	2,416		$	—	$	2,416
Private student loans	205			—		205
Personal loans	254			—		254
Other	107			—		107
Total interest income	2,982			—		2,982
Interest expense	584			—		584
Net interest income	2,398			—		2,398
Provision for credit losses	1,807			—		1,807
Other income	366			124		490
Other expense	1,118			41		1,159
(Loss) income before income taxes	$	(161	)	$	83	$	(78	)
For the Three Months Ended March 31, 2019
Interest income
Credit card loans	$	2,362		$	—	$	2,362
Private student loans	205			—		205
Personal loans	237			—		237
Other	133			—		133
Total interest income	2,937			—		2,937
Interest expense	632			—		632
Net interest income	2,305			—		2,305
Provision for credit losses(1)	809			—		809
Other income	372			86		458
Other expense	989			35		1,024
Income before income taxes	$	879		$	51	$	930

(1)

Prior to adoption of ASU No. 2016-13 on January 1, 2020, credit losses were estimated using the incurred loss approach.