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Violation Tracker Individual Record

Company: GE Capital Retail Bank and CareCredit
Current Parent CompanySynchrony Financial
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Penalty: $34,100,000
Year: 2013
Date: December 10, 2013
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: credit card violation
Violation Description: The Consumer Financial Protection Bureau ordered GE Capital Retail Bank and its subsidiary, CareCredit, to refund up to $34.1 million to potentially more than 1 million consumers who were victims of deceptive credit card enrollment tactics.
Level of Government: federal
Action Type: agency action
Agency: Consumer Financial Protection Bureau
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Connecticut
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.