American Banker15d
Synchrony takes hit from investors after charge-offs rise
Synchrony Financial's fourth-quarter earnings results missed analysts' forecasts and investors pummeled the stock due to a jump in charge-offs.
Credit card companies are quietly rolling out a fee for paper statements: 'Closing my account'
Customers of credit cards from a raft of big retailers must pay $1.99 if they still want to receive a paper statement.
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Banks hit credit card users with higher rates in response to regulation that may never arrive
Banks that issue credit cards ... will never take effect. Synchrony and Bread Financial, which specialize in issuing branded cards for companies including Verizon and JCPenney, have said that ...