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Federal Contractor Misconduct Database (FCMD)
The federal government routinely awards contracts to companies with
histories of misconduct, including
…
contract fraud and other
violations. POGO believes that providing this website will help to
improve contracting decisions and increase public knowledge of how
the government spends billions of taxpayer dollars each year.
Read more…
Deceptive Credit Card Enrollment Practices
The Consumer Financial Protection Bureau (CFPB) ordered GE Capital to repay $34.1 million to more than 1.2 million customers over deceptive credit card enrollment practices. The CFPB brought an enforcement action against GE Capital and its subsidiary, CareCredit, after receiving complaints from consumers about the card, which is used to pay for health care services. The agency claimed that the issuer misled consumers into thinking they were signing up for an interest-free line of credit, when instead it was a deferred-interest program in which cardholders were charged interest (at a 26.99 percent rate) if they did not pay off their balance by the time the promotional period ended.
- Misconduct Type
- Consumer Affairs
- Enforcement Agency
- CFPB
- Contracting Party
- None
- Court Type
- Administrative
- Disposition
- Fine
- Date of Order
- 12/10/2013