August 06, 2026
A North Carolina federal judge upheld a magistrate judge's finding that two Synchrony Bank customers must arbitrate their proposed class action challenging Synchrony's allegedly misleading 0% interest rate for military service members, though he partially disagreed with the magistrate judge's rationale.
April 01, 2026
Synchrony Bank customers said a North Carolina federal judge erred when directing them to arbitrate claims accusing the bank of promoting a misleading 0% interest rate for veterans, arguing the order contains several misinterpretations of the Military Lending Act.
June 05, 2024
Synchrony Bank was hit with a proposed class action accusing it of promoting a misleading 0% interest rate for veterans and failing to disclose that the bank applies retroactive high interest rates on service members' outstanding balances when they leave duty.