Exhibit 34.1









KPMG LLP

Aon Center Suite 5500

200 E. Randolph Street 
Chicago, IL
60601-6436



Report of Independent Registered
Public Accounting Firm



The Board of Directors Synchrony Bank:



We have examined management’s assertion, included
in the accompanying Management’s Assessment of Compliance, that Synchrony Bank (the Company) complied with the servicing
criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB for the Synchrony Credit Card Master
Note Trust and Synchrony Card Issuance Trust asset-backed securities transactions for which the Company acted as servicer involving private
label and co-branded credit card receivables (such asset-backed securities transactions, the “Platform”), except for servicing
criteria 1122(d)(1)(iii), 1122(d)(2)(iii), 1122(d)(2)(vi), 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, 2023. As described in the accompanying Management’s Assessment of Compliance,
Servicing Criteria 1122(d)(1)(i), 1122(d)(1)(iv), 1122(d)(2)(iv), 1122(d)(3)(i), 1122(d)(3)(ii), 1122(d)(3)(iii), 1122(d)(4)(i), 1122(d)(4)(ii),
1122(d)(4)(iii), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(xiv) and 1122(d)(4)(xv) are only applicable for the following deals in the
Platform (Synchrony Card Issuance Trust, SynchronySeries Class A(2022-1) Notes, Synchrony Card Issuance Trust, SynchronySeries Class
A(2022-2) Notes, Synchrony Card Issuance Trust, SynchronySeries Class A(2023-1) Notes, and Synchrony Card Issuance Trust, SynchronySeries
Class A(2023-2) Notes). 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, 2023 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 Complianceidentifies
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.



We are required to be independent and to meet our other
ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.



| | KPMG LLP, a Delaware limited liability partnership and a member
firm of
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As described in the accompanying Management’s
Assessment of Compliance, for Servicing Criteria 1122(d)(1)(v), 1122(d)(2)(i), 1122(d)(4)(iv) and 1122(d)(4)(viii), the Company has
engaged various vendors to perform the activities required by these Servicing Criteria. 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 Criteria 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 Criteria 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 Criteria 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 Criteria 1122(d)(1)(v), 1122(d)(2)(i), 1122(d)(4)(iv)
and 1122(d)(4)(viii) for which compliance is determined based on C&DI 200.06 as described above, as of and for the twelve months
ended December 31, 2023 is fairly stated, in all material respects.



/s/KPMG LLP



Chicago, Illinois
 March 28, 2024





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