General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsElizabeth Warren went to bat for all us in hearings and we benefitted personally this week.
This week my husband and I received checks totalling nearly $250 in the mail from two different banks. These were monies being returned to us because of the unethical practices uncovered regarding the way they handled the services they offered. Thank you, Senator Warren, for your vigilance and fearlessness in exposing this corruption.
http://money.cnn.com/2014/06/19/pf/ge-capital-refund/
GE Capital to refund $225 million to customers
By Blake Ellis @blakeellis3 June 20, 2014: 1:39 PM ET
Credit card issuer GE Capital, which changed it name to Synchrony Bank earlier this month, was ordered to pay $56 million to 638,000 customers that the CFPB said were misled about certain add-on products -- like debt cancellation services that it said were free when they weren't, and charging people without their knowledge.
But the biggest chunk -- $169 million -- will be refunded to 108,000 customers who were allegedly discriminated against when the bank excluded them from debt relief offers because they lived in Puerto Rico or asked to receive communications in Spanish. That makes this the largest credit card discrimination settlement yet, according to the Justice Department....
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Dont call me Shirley
(10,998 posts)Good on Elizabeth, keep progressing.
sheshe2
(83,787 posts)and for all the other people that got refunds from GE Capital.
Thanks to Senator Warren!