Robert McKinley over at CardTrak published an excellent run-down of all the Consumer Financial Protection Bureau's victories over the last year. A few choice highlights:
GE Capital Retail Bank and its subsidiary, CareCredit are ordered in December to refund up to $34.1 million by the CFPB to potentially more than 1 million consumers who were victims of deceptive credit card enrollment tactics. At doctors’ and dentists’ offices around the country, consumers were signed up for CareCredit credit cards they thought were interest free, but were actually accruing interest that kicked in if the full balance was not paid at the end of a promotional period.
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