LOS ANGELES — Discover Financial Services says it will begin offering home equity loans beginning in the second half of this year, the latest move by the company to push further into direct banking.
Senior executives for the Riverwoods, Ill., company laid out plans for the new home loan program Tuesday at an investor briefing.
Discover plans to make fixed-rate home equity loans between $25,000 and $100,000 to homeowners, Carlos Minetti, executive vice president of consumer banking and operations at Discover, said at the briefing.