Synchrony Bank ordered to provide at least $225 million over deceptive and discriminatory credit-card practices
Company: Synchrony Financial
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/