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Home » Store » Inside the CFPB » GE CareCredit Ordered to Pay $34 Million Over Deceptive Enrollments

GE CareCredit Ordered to Pay $34 Million Over Deceptive Enrollments

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Inside the CFPB

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Last week, the CFPB ordered GE Capital Retail Bank and its subsidiary, CareCredit, to refund up to $34.1 million to potentially more than one million consumers who the bureau said were victims of deceptive credit card enrollment tactics. At doctors’ and dentists’ offices around the country, consumers were signed up for CareCredit credit cards they thought were interest free, but were actually accruing interest that kicked in if the full balance was not paid at the end of a promotional period, according to the CFPB...
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