Honestly?!… So Dishonest

The CFPB ordered GE Capital Retail Bank to provide $225 million in remediation for  deceptive credit card add-on practices, discriminatory debt relief promotions, and for violating fair lending laws. CFPB's Director Cordray states, "this kind of conduct has no place in the consumer financial marketplace." Cordray's press release details each violation and the action to be taken by the CFPB. [6/20/14]