Synchrony Financial
American financial services company
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| 2023 | GIC Private Limited exited its position in Synchrony's stock. |
| 2020 | Consumer advocacy groups urged financial regulators to investigate PayPal Credit's practices in tuition financing, citing concerns about high interest rates and collection practices. |
| 2019 | Established the Synchrony Digital Technology Center at the University of Connecticut's Stamford campus and simultaneously donated $1 million to the 'Connecticut Commitment' initiative to support lower-income students' tuition-free university attendance. |
| 2019 | GIC Private Limited, Singapore's sovereign wealth fund, owned 7.72% of Synchrony's stock. |
| 2018 | Synchrony acquired Loop Commerce, gaining a patented digital gifting platform called GiftNow. |
| 2018 | Opened an emerging tech center at the University of Illinois, expanding the company's academic technology collaboration initiatives. |
| 2018 | Synchrony completed a major acquisition of PayPal's $7.6 billion credit receivables portfolio and became the exclusive issuer for PayPal Credit point-of-sale financing program in the United States through 2028. |
| 2017 | Synchrony acquired GPShopper, expanding its digital commerce capabilities. |
| 2016 | Launched Synchrony's Center of Excellence in Cybersecurity at the University of Connecticut's School of Engineering, establishing a collaborative public-private technology partnership. |
| July 2014 | Synchrony went public with an initial public offering (IPO), raising $2.88 billion in the stock market. |
| June 2014 | Synchrony Financial reached a $225 million settlement with the U.S. Consumer Financial Protection Bureau and the Department of Justice for deceptive and discriminatory credit card practices during its time as GE Capital Bank, particularly related to unethical enrollment practices for add-on programs. |
| 2013 | The company became active after a period of inactivity since its incorporation. |
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