and Consumer Financial Protection Bureau Reach $169 Million

UT 2014 Community Banks / Credit Unions

DOJ Excluded Individual

Penalty

$1 billion

Outcome

Justice Department and Consumer Financial Protection Bureau Reach $169 Million Settlement to Resolve Allegations of Credit Card Lending Discrimination by GE Capital Retail Bank

Details

and Consumer Financial Protection Bureau Reach $169 Million — DOJ Enforcement (2014)

Outcome: Justice Department and Consumer Financial Protection Bureau Reach $169 Million Settlement to Resolve Allegations of Credit Card Lending Discrimination by GE Capital Retail Bank

How Crucible Prevents This

Crucible's compliance monitoring for Community Banks / Credit Unions would have detected the patterns underlying this enforcement action.

Source: DOJ Press Release — Justice Department and Consumer Financial Protection Bureau Reach $169 Million Settlement to Resolve Allegations of Credit Card Lending Discrimination

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