Violation Tracker Individual Record

Company: 
GE Capital Corp.
Current Parent Company: 
General Electric
Penalty: 
$336,000
Year: 
2006
Date: 
April 27, 2006
Primary Offense: 
consumer protection violation
Violation Description: 

Home Depot and the new owner of its banking partner GE Capital Corp. agreed to pay the state and customers a total of $672,000 in settlement of allegations it paid off interest free credit card debt from special offers before paying off normal debt, unfairly increasing customers' interest costs. The announcement did not indicate how much each company would pay. Here we assume they split the total equally.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Connecticut Attorney General
Civil or Criminal Case: 
civil
Facility State: 
Connecticut
HQ Country of Parent: 
USA
HQ State of Parent: 
Massachusetts
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
diversified
Specific Industry of Parent: 
diversified
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.