Synchrony: Resilient Consumers Embrace ‘Pay Later' Options as Credit Trends Normalize

Synchrony Financial posted fourth-quarter results that showed charge-offs increasing as management pointed to credit normalization in the months ahead, and said the firm was also gaining traction in Pay Later options offered at checkout.Supplemental materials released alongside earnings on Tuesday (Jan. 23) indicated that purchase volumes, overall, gained 3% to $49.3 billion.Loan receivables surged 11% to $103 billion.And the company noted that average active accounts were 5% higher at 71.5 million.Average ...