United States v. Synchrony Bank: Stamford-based GE Capital Retail Bank, which changed its name to Synchrony Bank in June, has agreed to pay $169 million to settle claims that it discriminated against Hispanic credit card customers.
July 02, 2014 at 02:40 PM
1 minute read
United States v. Synchrony Bank: Stamford-based GE Capital Retail Bank, which changed its name to Synchrony Bank in June, has agreed to pay $169 million to settle claims that it discriminated against Hispanic credit card customers.
Government officials from the U.S. Department of Justice and the Consumer Financial Protection Bureau called it the largest government credit card discrimination settlement ever.
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