Item 2.05 Cost Associated with Exit or Disposal Activities.

As we indicated in our earnings teleconference call on July 21, 2020, Synchrony Financial (the "Company"), was undertaking a comprehensive review of our operating expense base to reduce ongoing expenses in response to the impacts of the COVID-19 pandemic on our business. On September 8, 2020, we committed to an initial phase of our strategic plan to reduce operating expenses through the exit of a number of our leased properties. We anticipate the completion of our comprehensive review and commitment to our overall strategic plan to reduce operating expenses will include these exit costs and certain employee-related actions both on a voluntary and involuntary basis. As a result, in connection with this commitment to our overall strategic plan to reduce expenses, we expect to record approximately $90 million to $110 million of pre-tax restructuring and related charges in the third quarter of 2020 related to these actions.




Item 7.01   Regulation FD Disclosure.



The Company hereby furnishes the information in Exhibit 99.1 hereto, Monthly
Charge-Off and Delinquency Statistics as of and for each of the thirteen months
ended August 31, 2020.
The Company intends to continue to furnish these statistics on a monthly basis,
noting that for the last month of each calendar quarter, the statistics will be
furnished contemporaneously with the Company's announcement of its financial
results for such quarter.
The information contained in this Item 7.01 of this Current Report on Form 8-K,
including Exhibit 99.1, is furnished pursuant to Item 7.01 of Form 8-K and shall
not be deemed to be "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the liabilities of
that section, nor shall it be deemed incorporated by reference in any filing
under the Securities Act of 1933, as amended, or the Securities Exchange Act of
1934, as amended, except as shall be expressly stated by specific reference in
such filing.

Item 9.01 Financial Statements and Exhibits.




(d) Exhibits
The following exhibits are being furnished as part of this report:

Number                     Description

99.1                       Monthly Charge-off and Delinquency Statistics as of and for each of
                           the thirteen months ended August 31, 2020
104                        The cover page from this Current Report on Form 8-K, formatted in
                           Inline XBRL

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