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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…

Discriminatory and Deceptive Credit Card Practices

General Electric’s credit card unit, GE Capital Retail Bank (later renamed Synchrony Bank), agreed to pay $228.5 million in penalties and consumer remediation to resolve allegations of discriminatory debt relief promotions and deceptive credit card add-on practices. GE Capital allegedly violated the Equal Credit Opportunity Act by excluding Hispanic customers from two of its credit card debt-repayment programs. GE Capital was also accused of deceptively marketing its debt cancellation products. In total, about 746,000 consumers were affected by the allegedly discriminatory and deceptive practices.

Misconduct Type
Consumer Affairs
Enforcement Agency
Multiple Agencies
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Settlement Announcement
6/19/2014
Contractors Involved Penalty
Total
General Electric $228,500,000
Further Information Released
CFPB Consent Order 6/19/2014
CFPB Press Release/Prepared Remarks 6/19/2014
DOJ Complaint 6/19/2014
DOJ Consent Order 6/19/2014
DOJ Press Release/Prepared Remarks 6/19/2014
GE Press Release 6/19/2014

Federal Contractor Misconduct Database