Synchrony Financial believes it is important to engage with policymakers on issues that affect Synchrony Financial’s stakeholders. We are committed to conducting our public policy outreach ethically and in accordance with all applicable requirements.
Although Synchrony Financial engages with policymakers, Synchrony Financial has not contributed, and does not currently contribute, to political parties, political candidates, political committees, so-called “527” groups, or “SuperPACs”. Synchrony Financial also has not participated in, and does not participate in, any independent political expenditures or efforts to influence ballot measures. If Synchrony Financial were to engage in any of these political activities, such activities would require approval by the Chief Executive Officer and/or the General Counsel. Synchrony intends to disclose any such activities on this page. Such activities would promote the interests of Synchrony Financial and would be done without regard for the private political preferences of executives.
Synchrony Financial is a member of a variety of trade associations. Synchrony Financial does not direct the manner in which its dues are expended, and it is possible that some (or all) of the trade associations engage in the activities described above. Synchrony Financial’s trade associations include:
- American Bankers Association
- Consumer Bankers Association
- Electronic Transaction Association
- Financial Services Roundtable
- U.S. Chamber of Commerce
Synchrony Financial sponsors the Synchrony Financial Employees Political Action Committee (“SyncPAC”) which consists solely of voluntary contributions by eligible employees. SyncPAC supports candidates on a bi-partisan basis based on one or more of the following criteria: (i) candidate has expressed support for, or has expertise on, issues of importance to Synchrony; (ii) candidate has seniority on committees with jurisdiction over issues affecting Synchrony; (iii) candidate is in a leadership position within Congress; and/or (iv) candidate represents key states/districts where Synchrony has significant operations and interests. SyncPAC’s contributions to candidates are made without regard for the private political preferences of any Synchrony employee. Information regarding SyncPAC’s activities can be found at www.fec.gov.