Synchrony CEO: Credit Metrics Strong as Consumers ‘Are Being Disciplined'

Highlights Synchrony’s results show consumer spending is moderating, with a decrease in purchase volumes, especially for larger ticket items, indicating consumers are becoming more selective in their discretionary spending. Synchrony is observing strong credit metrics, including a decrease in delinquency rates, which they attribute to effective risk management and consumer efforts to manage their debt obligations. Despite broader economic uncertainty impacting consumer confidence, current consumer be ...