A crackdown on store card giant GE Capital exposed details of the discount offers that card companies extend to some struggling customers.
Card issuers don’t like to talk about the issue — why negotiate in public? — but the store-card issuer’s consent order from the Consumer Financial Protection Bureau revealed the terms that Synchrony offered some of its debt-strapped customers.
Under the terms of a settlement reached last year, even more consumers could find themselves eligible for free email alerts and unlimited access to their TransUnion credit reports and credit scores, provided they act before July 22.
Further details have emerged about what consumers stand to gain from the settlement of a class action lawsuit against credit reporting giant TransUnion. The details revolve around the words “millions” and “billions.”