Perhaps why Synchrony is tightening standards - big losses

[pipeguy]

....a regulatory filing Tuesday that it now expects an increase of 20 basis points to 30 basis points in net charge-off rates over the next 12 months, which should lead to higher reserve builds starting this quarter.

http://www.marketwatch.com/story/synchrony-financials-stock-tumbles-toward-biggest-ever-one-day-decl...

[sunkissed]

I just came across this news and was thinking the same thing. Very interesting indeed.

[Appleman]

Thanks for posting, Synchrony is watching more carefully now i would assume.

[RonM21]

Yeah, this could definitely cause them to react, which could effect us downstream.

[ccpat]

What bank had the Synchrony accounts before.....just curious if this is what happens before they sell accounts off?