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Credit card CEO warns of dark times when the $600 unemployment benefit expires

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Credit card CEO warns of dark times when the $600 unemployment benefit expires

https://www.cnn.com/2020/07/22/investing/credit-card-debt-synchrony-unemployment/index.html

 

"People got forbearance on credit cards, mortgages and auto loans. Everything got pushed out," Keane said. "As forbearance and stimulus wears off, we're definitely in a rockier place."

In other words, the financial pain got delayed, not canceled.
"It'll almost certainly get darker from here," Brian Wenzel, Synchrony's chief financial officer, told CNN Business.
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