The Consumer Financial Protection Bureau this month ordered GE Capital to pay $225 million in restitution to consumers harmed by illegal and discriminatory credit card practices. The bank will also pay $3.5 million to the CFPB’s Civil Penalty Fund.

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The Consumer Financial Protection Bureau this month ordered GE Capital to pay $225 million in restitution to consumers harmed by illegal and discriminatory credit card practices. The bank will also pay $3.5 million to the CFPB’s Civil Penalty Fund.
Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,... More by Jaclyn Jaeger
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