Exhibit 34.1



Report of Independent Registered Public
Accounting Firm



The Board of Directors
SYNCHRONY FINANCIAL:



We have examined management’s assertion,
included in the accompanying Management’s Assessment of Compliance, that SYNCHRONY FINANCIAL (the Company) complied
with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB for asset-backed
securities transactions for which the Company acted as servicer involving private-label and co-branded credit card receivables
originated through the retail card segment, as well as certain oil and gas credit card program receivables originated through the
payment solutions segment, of SYNCHRONY FINANCIAL (the Platform), except for servicing criteria 1122(d)(1)(iii), 1122(d)(2)(i),
1122(d)(2)(ii), 1122(d)(2)(iii), 1122(d)(2)(v), 1122(d)(2)(vi), 1122(d)(2)(vii), 1122(d)(3)(iv), 1122(d)(4)(vi), 1122(d)(4)(vii),
1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii) and 1122(d)(4)(xiii), which the Company has determined
are not applicable to the activities it performs with respect to the Platform (the Servicing Criteria), as of and for the twelve
months ended December 31, 2019. The Company has determined that Servicing Criterion 1122(d)(1)(v) is applicable to the activities
the Company performs with respect to the Platform only as it relates to the conveyance of information in the monthly noteholder
statements delivered to the trustee. With respect to applicable Servicing Criterion 1122(d)(4)(xv), the Company has determined
that there were no activities performed during the twelve months ended December 31, 2019 with respect to the Platform because there
were no occurrences of events that would require the Company to perform such activities. Appendix B to Management’s Assessment
of Compliance identifies the individual asset-backed transactions and securities defined by management as constituting the
Platform. Management is responsible for the Company’s compliance with the Servicing Criteria. Our responsibility is to express
an opinion on management’s assertion about the Company’s compliance with the Servicing Criteria based on our examination.



Our examination was conducted in accordance
with the standards of the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards
established by the American Institute of Certified Public Accountants to obtain reasonable assurance and, accordingly, included
examining, on a test basis, evidence about the Company’s compliance with the Servicing Criteria and performing such other
procedures as we considered necessary in the circumstances. Our examination included testing selected asset-backed transactions
and securities that comprise the Platform, testing selected servicing activities related to the Platform, and determining whether
the Company processed those selected transactions and performed those selected activities in compliance with the Servicing Criteria.
Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during
the period covered by this report. Our procedures were not designed to determine whether errors may have occurred either prior
to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period
covered by this report for the selected transactions or any other transactions. We believe that our examination provides a reasonable
basis for our opinion. Our examination does not provide a legal determination on the Company’s compliance with the Servicing
Criteria.













As described in the accompanying Management’s
Assessment of Compliance, for Servicing Criterion 1122(d)(4)(iv), the Company has engaged various vendors to perform the activities
required by this Servicing Criterion. The Company has determined that none of these vendors is considered a “servicer”
as defined in Item 1101(j) of Regulation AB, and the Company has elected to take responsibility for assessing compliance with the
Servicing Criterion applicable to each vendor as permitted by the SEC’s Compliance and Disclosure Interpretation (C&DI)
200.06, Vendors Engaged by Servicers (C&DI 200.06). As permitted by C&DI 200.06, the Company has asserted that it has
policies and procedures in place designed to provide reasonable assurance that the vendors’ activities comply in all material
respects with the Servicing Criterion applicable to each vendor. The Company is solely responsible for determining that it meets
the SEC requirements to apply C&DI 200.06 for the vendors and related Servicing Criterion as described in its assertion, and
we performed no procedures with respect to the Company’s eligibility to apply C&DI 200.06.



In our opinion, management’s assertion
that the Company complied with the aforementioned Servicing Criteria, including Servicing Criterion 1122(d)(4)(iv) for which compliance
is determined based on C&DI 200.06 as described above, as of and for the twelve months ended December 31, 2019 is fairly stated,
in all material respects.



/s/ KPMG LLP



Chicago, Illinois
March 27, 2020