Some credit card companies are now charging fees for paper statements [Yahoo! Finance]
Synchrony Financial (SYF)
Last synchrony financial earnings: 4/21 06:30 am
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Source: Yahoo! Finance
It's a push to get consumers to start receiving and paying electronically. Credit card companies charge you a fee to get a paper statement in the mail. Consumers are speaking out on Facebook. When Karen Ruetschle noticed her American Eagle credit card was charging her $1.99 for her paper statement, she called customer service to get the fee waived. Synchrony Bank, which provides credit to retailers like American Eagle and TJ Maxx, shows the paper statement fee in the fine print. There's no federal law banning paper statement fees. But companies must get your consent to switch from paper to electronic statements. Business professor Elaine Luther from Point Park University says electronic statements and payments can open you up to data breaches. And she adds, low-income consumers can have a difficult time navigating online payments. Ruetschle calls the paper statement fee for any consumer – ridiculous. In a statement from Synchrony Bank, the company says in part: “D
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SYF
News
- This Week In Credit Card News: Justice Department Sues Visa For Illegal Debit Card Monopoly [Forbes]Forbes
- Synchrony and DICK'S Sporting Goods Extend PartnershipPR Newswire
- Synchrony to Announce Third Quarter 2024 Financial Results on October 16, 2024PR Newswire
- Is Invesco Fundamental High Yield Corporate Bond ETF (PHB) a Strong ETF Right Now? [Yahoo! Finance]Yahoo! Finance
- Synchrony's CareCredit Network Expands to First-Ever Major Grocery Store Chain Collaboration With Albertsons CompaniesPR Newswire
SYF
Earnings
- 7/17/24 - Beat
SYF
Sec Filings
- 9/17/24 - Form 8-K
- 9/9/24 - Form 8-K
- 8/19/24 - Form 4
- SYF's page on the SEC website