Synchrony Financial
Approved Evidence
Added to Rotten Company: 8/26/2026
Conduct/Event period: 2012–June 19, 2014
Ongoing: No
Resolution status: Resolved
Resolution date: June 19, 2014
Synchrony Bank ordered to provide at least $225 million over deceptive and discriminatory credit-card practices
Summary
CFPB ordered GE Capital Retail Bank, now Synchrony Bank, to provide at least $225 million in relief over deceptive credit-card add-on marketing and discriminatory debt-relief practices. The Bureau later reported that the bank fulfilled the order, providing at least $259 million in redress and paying a $3.5 million civil penalty. Source: https://www.consumerfinance.gov/enforcement/actions/synchrony-bank-fka-ge-capital-retail-bank/
Evidence Weight
100.00
Severity:
Recency Weight: 99.99983084960996
File Weight: 1