This Week In Credit Card News: The Cut In Late Fees May Increase Your Card's Interest Rate [Forbes]
Synchrony Financial (SYF)
Last synchrony financial earnings: 4/21 06:30 am
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Source: Forbes
The credit card company Synchrony Financial is hiking interest rates it charges to its customers, part of a series of steps to mitigate the financial impact of a Consumer Financial Protection Bureau rule that would shrink its late fee revenue. [ ] Synchrony Bank has already raised interest rates on their cards due to a cut in late fees Walmart Backed Startup Fintech Launches Buy Now, Pay Later Option The Walmart-backed financial technology company, One, is helping customers to buy now and pay later. According to One's website, the pay over time feature applies to purchases between $100 and $3,000. It also comes with an annual percentage rate between 9.99% and 35.99%, which depends on your creditworthiness. One's system rivals that of Affirm, which Walmart already uses to help customers purchase products across its stores and online. [ ] U.S. Consumers on Lower Incomes Face Loan Stress While Banks Pull Back U.S. borrowers on lower incomes are increasingly struggling to keep
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SYF
News
- Synchrony Extends Partnership with Affordable Care Offering CareCredit to PatientsPR Newswire
- Synchrony Financial (NYSE: SYF) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating. They now have a $62.00 price target on the stock, up previously from $45.00.MarketBeat
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- Here's Why Synchrony (SYF) is a Strong Value Stock [Yahoo! Finance]Yahoo! Finance
- Synchrony and ServiceTitan Join Forces to Streamline Home Improvement FinancingPR Newswire
SYF
Earnings
- 4/24/24 - Beat
SYF
Sec Filings
- 5/2/24 - Form 144
- 4/25/24 - Form 10-Q
- 4/25/24 - Form ARS
- SYF's page on the SEC website