SYNC Account sell off

[corymcd88]

Any more news about any accounts that are being sold off from SYNC? I know of Dillard's to Wells Fargo. Has any one herd anything about Dillard's accounts?

[daveg38]

GE Capital (now Synchrony) is in a heap of trouble, which Synchrony is now paying dearly for.

You may want to read this to see if you're affected: http://www.consumerfinance.gov/newsroom/cfpb-orders-ge-capital-to-pay-225-million-in-consumer-relief...

Seems like alot of GE Capital complaints at the CFPB site are being closed with monetary relief (or at least some relief) so check into it.

In terms of the "Great Account Selloff", I've not heard of anything.

[jamesdwi]

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@daveg38 wrote:

GE Capital (now Synchrony) is in a heap of trouble, which Synchrony is now paying dearly for.

You may want to read this to see if you're affected: http://www.consumerfinance.gov/newsroom/cfpb-orders-ge-capital-to-pay-225-million-in-consumer-relief...

Seems like alot of GE Capital complaints at the CFPB site are being closed with monetary relief (or at least some relief) so check into it.

In terms of the "Great Account Selloff", I've not heard of anything.

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now we see why the credit card division was split off, to distance GE from the fallout and negative public opinion. The fines are painful, but nothing compared to the effect to GE as a whole if it was linked to this and it went viral.