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In June 2014, Synchrony Bank, formerly GE Capital Retail Bank, agreed to settle claims of illegal credit card practices that were filed by the federal Consumer Financial Protection Bureau and the United States Justice Department by agreeing to pay $225 million to Spanish speaking consumers that were harmed by discriminatory practices and ...
Synchrony Financial is an American consumer financial services company with its headquarters in Stamford, Connecticut, United States. [2] The company offers consumer financing products, including credit, promotional financing and loyalty programs, installment lending to industries, and FDIC-insured consumer savings products, through Synchrony Bank, its wholly owned online bank subsidiary.
One of the first female CEOs of a multibillion dollar bank. Margaret Keane (born 1959) is an American businesswoman who was the chief executive officer of Synchrony from February 2014 through April 2021. She transitioned to the role of executive chair of Synchrony’s board of directors. Brian Doubles, formerly Synchrony’s president, became ...
A spinoff of the lending arm of the shuttered GE Capital Retail Bank, Synchrony already offers a credit card for Walgreens and Walmart sister company Sam’s Club, and specializes in retail credit ...
Synchrony was originally owned by GE Capital Retail Bank, and as such fell under the GE umbrella. However, a few years ago, Synchrony Bank was moved over to Synchrony Financial, a financial ...
Jack Welch. John Francis Welch Jr. (November 19, 1935 – March 1, 2020) was an American business executive, chemical engineer, and writer. He was Chairman and CEO of General Electric (GE) between 1981 and 2001.
GE Capital and The Toro Company Renew Exclusive Consumer Financing Program Private Label Credit Program Offers Financing on Toro and Exmark Products STAMFORD, Conn.--(BUSINESS WIRE)-- GE Capital ...
Synchrony Financial is a consumer financial services company headquartered in Stamford, Connecticut, United States. [2] Prior to its 2014 initial public offering, Synchrony operated as GE Capital Retail Finance Corporation and was a business segment of GE Capital division of General Electric. [5]