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Synchrony Financial CFO expects litigation regarding CFPB credit card late fee rules to continue
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Synchrony Financial CFO expects litigation regarding CFPB credit card late fee rules to continue
Feb 10, 2025 8:25 AM

NEW YORK, Feb 10 (Reuters) - Synchrony Financial

CFO Brian Wenzel said during a financial conference on Monday

that he expects the litigation related to the Consumer Financial

Protection Bureau rules on credit card late fees to continue.

"Litigation with regard to late fees will continue and we'll

see over the course of the coming months what the new

administration and the new leadership at the CFPB think about

that. Again, we can't control it, we just react to it," Wenzel

said.

So far, the company has not changed its relationship with

the regulator.

"We're keeping our head down. We have a lot of respect for

the CFPB", Wenzel said, adding that the credit card company is

treating the relationship as "business as usual."

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