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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

Deceptive Credit Card Enrollment Practices

The Consumer Financial Protection Bureau (CFPB) ordered GE Capital to repay $34.1 million to more than 1.2 million customers over deceptive credit card enrollment practices. The CFPB brought an enforcement action against GE Capital and its subsidiary, CareCredit, after receiving complaints from consumers about the card, which is used to pay for health care services. The agency claimed that the issuer misled consumers into thinking they were signing up for an interest-free line of credit, when instead it was a deferred-interest program in which cardholders were charged interest (at a 26.99 percent rate) if they did not pay off their balance by the time the promotional period ended.

Misconduct Type
Consumer Affairs
Enforcement Agency
CFPB
Contracting Party
None
Court Type
Administrative
Disposition
Fine
Date of Order
12/10/2013
Contractors Involved Penalty
Total
General Electric $34,100,000
Further Information Released
CFPB Press Release 12/10/2013

Federal Contractor Misconduct Database