Nichole Mustard, Co-Founder Of Credit Karma, Is Leaving The Company

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Nichole Mustard, co-founder and chief revenue officer of Credit Karma, is leaving the firm. 

Mustard, who has been with the company for over 16 years, is the third high-profile executive to quit this year, according to TechCrunch on Thursday (Dec. 14). 

“I can confirm she has decided to leave the company; her contributions have been significant, and we wish her well,” a Credit Karma spokeswoman said via email to the media site. 

Colleen McCreary, who left her role as chief people officer in January before joining Ribbit Capital as an investor, and Greg Lull, who said in September that he would leave his role as chief marketing officer when a replacement was found, are two other executives who left or announced plans to leave the firm this year, according to the report. 

According to the study, Intuit announced in August that Credit Karma witnessed a 9% revenue reduction during the fiscal year ending July 31. 

The Federal Trade Commission (FTC) announced on December 5 that it was initiating a claims procedure for almost 500,000 consumers who had been harmed by Credit Karma’s deceptive “preapproval” offers. 

Last year, the FTC penalized Credit Karma $3 million for making false statements that consumers were “preapproved” for credit card solicitations. In other instances, these customers were not qualified, wasting their time and subjecting them to unnecessary credit checks.