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Synchrony Financial Delinquency, Net Charge-Off Rates Rise in June
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Synchrony Financial Delinquency, Net Charge-Off Rates Rise in June
Jul 17, 2024 8:42 AM

11:22 AM EDT, 07/17/2024 (MT Newswires) -- Synchrony Financial ( SYF ) said in a Wednesday filing that its over 30-day loan delinquencies as a percentage of period-end loan receivables rose to 4.5% at the end of June from 3.8% a year earlier, while the net charge-off rate for June increased to 6.1% from 4.7%.

The company attributed the increases to the "continued impact of moderation in customer payment rates."

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