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Re: Talc Moan post# 114

Tuesday, 10/08/2019 8:56:28 AM

Tuesday, October 08, 2019 8:56:28 AM

Post# of 125
Did i Say SYF deliquencies were going to sky rocket..

Amazon’s partner on this financial product is the dominant private-label card issuer, Synchrony Bank. Its most recent earnings report showed more evidence of a rise in retail-card delinquencies. The company’s second quarter charge-off rate — the percentage of loans a firm gives up on collecting — rose to 6.01% compared to 5.97% last year; excluding the PayPal PYPL, -1.14% credit program and the Walmart WMT, -0.79% portfolio.

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