The latest financial institution to get hit with a Consumer Financial Protection Bureau charge of unfair and deceptive practices was GE Capital, which was ordered this month to pay $225 million. In large part, the unfair and deceptive practices charges were based upon misrepresentations and omissions by telemarketers. In other words, because these representatives told consumers the wrong information and/or failed to provide material information, the company was determined to have engaged in unfair and deceptive actions.
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