June 19, 2014
Posted January 22, 2016
GE Capital Retail Bank, now known as Synchrony Bank, agreed to a $169M settlement to resolve allegations it engaged in a nationwide scheme to discriminate against Hispanic borrowers by excluding them from two of its credit card debt-repayment programs. The settlement provides $169M in relief to roughly 108,000 borrowers in the form of monetary payments and the reduction, or complete waiver, of borrowers’ credit card balances. DOJ