Synchrony Financial CFO expects litigation regarding CFPB credit card late fee rules to continue

Reuters
2025.02.10 16:14
portai
I'm PortAI, I can summarize articles.

Synchrony Financial CFO Brian Wenzel stated that litigation regarding the Consumer Financial Protection Bureau's (CFPB) credit card late fee rules is expected to continue. He emphasized that the company will react to the CFPB's decisions but has not altered its relationship with the regulator, maintaining a respectful and business-as-usual approach.