Synchrony Financial CFO expects litigation regarding CFPB credit card late fee rules to continue

NEW YORK, Feb 10 (Reuters) - Synchrony Financial SYF.N CFO Brian Wenzel said during a financial conference on Monday that he expects the litigation related to the Consumer Financial Protection Bureau rules on credit card late fees to continue.

"Litigation with regard to late fees will continue and we'll see over the course of the coming months what the new administration and the new leadership at the CFPB think about that. Again, we can't control it, we just react to it," Wenzel said.

So far, the company has not changed its relationship with the regulator.

"We're keeping our head down. We have a lot of respect for the CFPB", Wenzel said, adding that the credit card company is treating the relationship as "business as usual."