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GE's Synchrony faces two probes

  • GE's (GE) retail credit business, now called Synchrony Financial, is the subject of probes by the Consumer Financial Protection Bureau (CFPB) and the Department of Justice.
  • The CFPB investigation involves "debt-cancellation products" and Synchrony's marketing of those services. The DOJ inquiry, which is also connected to the CFPB, relates to the company not printing Spanish-language copies of settlement notices for delinquent clients, an oversight that could be a breach of lending-discrimination rules.
  • It's not clear what fines Synchrony may face.
Comments (7)
  • ernstphall
    , contributor
    Comments (21) | Send Message
    Spanish-language notices are now a requirement? So now the US is officially a bi-lingual country? How about Chinese or French or Vietnamese or Korean language requirements? Can a company be sued over these? We really need an official pronouncement that English is the official US language and that legal documents only need to be done in English.
    18 Mar, 06:33 AM Reply Like
  • steve2334
    , contributor
    Comments (94) | Send Message
    Why aren't all our laws published in Spanish? Seems only right.
    18 Mar, 08:05 AM Reply Like
  • cwiggins
    , contributor
    Comments (6) | Send Message
    This is an early April fool's joke, right?
    18 Mar, 08:33 AM Reply Like
  • sami12159
    , contributor
    Comments (27) | Send Message
    another problem caused by the Liberal legislators. Pretty soon the English Language will be history.
    18 Mar, 08:39 AM Reply Like
  • webald
    , contributor
    Comments (2) | Send Message
    Really just another way for our government to extort money from whoever it can.
    18 Mar, 08:41 AM Reply Like
  • Noquiche
    , contributor
    Comments (219) | Send Message
    suing a company that doesn't yet that is funny.
    18 Mar, 09:36 AM Reply Like
  • scabalqu
    , contributor
    Comments (264) | Send Message
    DOJ is Obama's lap dog. And GE is also Obama's lap dog.


    What is Obama going to do?


    This "news" is just for PR. GM will be given a warning and sent on its merry way to play nice with the other lap dogs.


    18 Mar, 12:46 PM Reply Like
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