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Violation Tracker Individual Record

Company: GE Capital Corp.
Current Parent CompanySynchrony Financial
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Recap of Ownership Changes subscribe to see this data field
Penalty: $336,000
Year: 2006
Date: April 27, 2006
Offense Group: consumer-protection-related offenses
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 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
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.