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Loan Receivables (Schedule of Credit Risk Profile by FICO Score and Origination Year) (Details) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables $ 88,927 $ 95,894
Credit Card Loans [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables [1],[2] 70,201 77,181
Revolving line-of-credit arrangements that were converted to term loans as a result of a TDR program, ending balance 1,000 956
Credit Card Loans [Member] | FICO Score, 660 and Above [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables, credit card [3] $ 56,772 $ 61,997
FICO distribution %, credit card [3] 81.00% 80.00%
Credit Card Loans [Member] | FICO Score, Less Than 660 Or No Score [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables, credit card [3] $ 13,429 $ 15,184
FICO distribution %, credit card [3] 19.00% 20.00%
Total Other Loans [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables [4] $ 18,726 $ 18,713
Total Other Loans [Member] | Private Student Loans [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables [4],[5] 9,730 9,653
Total Other Loans [Member] | Private Student Loans [Member] | FICO Score, 660 and Above [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables, originated in 2020 [6],[7] $ 321  
FICO distribution %, originated in 2020 [6],[7] 98.00%  
Loan receivables, originated in 2019 [6],[7] $ 1,714 $ 1,176
FICO distribution %, originated in 2019 [6],[7] 96.00% 93.00%
Loan receivables, originated in 2018 [6],[7] $ 1,437 $ 1,518
FICO distribution %, originated in 2018 [6],[7] 95.00% 95.00%
Loan receivables, originated in 2017 [6],[7] $ 1,114 $ 1,198
FICO distribution %, originated in 2017 [6],[7] 94.00% 95.00%
Loan receivables, originated in 2016 [6],[7] $ 850 $ 934
FICO distribution %, originated in 2016 [6],[7] 94.00% 94.00%
Loan receivables, originated prior to 2016 [6],[7] $ 3,749 $ 4,229
FICO distribution %, originated prior to 2016 [6],[7] 93.00% 93.00%
Loan receivables [6],[7] $ 9,185 $ 9,055
FICO distribution %, loan receivables [6],[7] 94.00% 94.00%
Total Other Loans [Member] | Private Student Loans [Member] | FICO Score, Less Than 660 Or No Score [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables, originated in 2020 [6],[7] $ 8  
FICO distribution %, originated in 2020 [6],[7] 2.00%  
Loan receivables, originated in 2019 [6],[7] $ 72 $ 92
FICO distribution %, originated in 2019 [6],[7] 4.00% 7.00%
Loan receivables, originated in 2018 [6],[7] $ 72 $ 79
FICO distribution %, originated in 2018 [6],[7] 5.00% 5.00%
Loan receivables, originated in 2017 [6],[7] $ 67 $ 69
FICO distribution %, originated in 2017 [6],[7] 6.00% 5.00%
Loan receivables, originated in 2016 [6],[7] $ 57 $ 58
FICO distribution %, originated in 2016 [6],[7] 6.00% 6.00%
Loan receivables, originated prior to 2016 [6],[7] $ 269 $ 300
FICO distribution %, originated prior to 2016 [6],[7] 7.00% 7.00%
Loan receivables [6],[7] $ 545 $ 598
FICO distribution %, loan receivables [6],[7] 6.00% 6.00%
Total Other Loans [Member] | Personal Loans [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables [4] $ 7,316 $ 7,687
Total Other Loans [Member] | Personal Loans [Member] | FICO Score, 660 and Above [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables, originated in 2020 $ 1,454  
FICO distribution %, originated in 2020 99.00%  
Loan receivables, originated in 2019 $ 2,840 $ 3,529
FICO distribution %, originated in 2019 97.00% 98.00%
Loan receivables, originated in 2018 $ 1,440 $ 1,941
FICO distribution %, originated in 2018 92.00% 93.00%
Loan receivables, originated in 2017 $ 821 $ 1,167
FICO distribution %, originated in 2017 89.00% 90.00%
Loan receivables, originated in 2016 $ 307 $ 475
FICO distribution %, originated in 2016 88.00% 88.00%
Loan receivables, originated prior to 2016 $ 77 $ 145
FICO distribution %, originated prior to 2016 83.00% 84.00%
Loan receivables $ 6,939 $ 7,257
FICO distribution %, loan receivables 95.00% 94.00%
Total Other Loans [Member] | Personal Loans [Member] | FICO Score, Less Than 660 Or No Score [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Loan receivables, originated in 2020 $ 9  
FICO distribution %, originated in 2020 1.00%  
Loan receivables, originated in 2019 $ 91 $ 62
FICO distribution %, originated in 2019 3.00% 2.00%
Loan receivables, originated in 2018 $ 120 $ 140
FICO distribution %, originated in 2018 8.00% 7.00%
Loan receivables, originated in 2017 $ 98 $ 136
FICO distribution %, originated in 2017 11.00% 10.00%
Loan receivables, originated in 2016 $ 43 $ 65
FICO distribution %, originated in 2016 12.00% 12.00%
Loan receivables, originated prior to 2016 $ 16 $ 27
FICO distribution %, originated prior to 2016 17.00% 16.00%
Loan receivables $ 377 $ 430
FICO distribution %, loan receivables 5.00% 6.00%
[1]
Amounts include carrying values of $16.6 billion and $18.9 billion underlying investors' interest in trust debt at June 30, 2020 and December 31, 2019, respectively, and $11.0 billion and $12.7 billion in seller's interest at June 30, 2020 and December 31, 2019, respectively. See Note 4: Credit Card and Student Loan Securitization Activities for additional information.
[2]
Unbilled accrued interest receivable on credit card loans, which is presented as part of other assets in the Company's condensed consolidated statements of financial condition, was $379 million and $471 million at June 30, 2020 and December 31, 2019, respectively.
[3]
Amounts include $1.0 billion and $956 million of revolving line-of-credit arrangements that were converted to term loans as a result of a TDR program as of June 30, 2020 and December 31, 2019, respectively.
[4]
Accrued interest receivable on private student, personal and other loans, which is presented as part of other assets in the Company's condensed consolidated statements of financial condition, was $494 million, $48 million and $6 million, respectively, at June 30, 2020 and $461 million, $53 million and $4 million, respectively, at December 31, 2019.
[5]
Amounts include carrying values of $274 million and $292 million in loans pledged as collateral against the note issued from a student loan securitization trust at June 30, 2020 and December 31, 2019, respectively. See Note 4: Credit Card and Student Loan Securitization Activities for additional information.
[6]
A majority of student loans originations occur in the third quarter and disbursements can span across multiple calendar years.
[7]
FICO score represents the higher credit score of the cosigner or borrower.