July 2

Recent Compliance Issues: 6/13/14 – 6/26/14

1. GE Capital will pay $169 million to about 108,000 Hispanic borrowers to settle perhaps the largest credit card discrimination suit in history. The company will pay an additional $56 million to resolve accusations that it tricked customers into buying products they didn’t intend to buy, and it will pay a $3.5 million civil penalty..