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JPMorgan Considers Sale Of $1 Bln AARP Credit-Card Portfolio : Report

JPMorgan Chase & Co. (JPM) is considering to sell the credit-card portfolio it built through an almost three-decade partnership with the nonprofit AARP, Bloomberg reported citing people familiar with the matter.

The sale would include about $1 billion in credit-card receivables, the report said.

Alliance Data Systems Corp. is among those interested in the portfolio, Bloomberg reported.

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