Comparing credit card offers since 2005 - it's fast and easy! Search, Compare and Apply for the best credit card deals now

Home Depot, GE Capital Settle Lawsuit Over Credit Card Charges

by Peter Andrew


Depot, GE Capital Settle Lawsuit Over Credit Card Charges

The Associated Press

is reporting today that Home Depot and GE Capital have agreed

to pay $672,000 to settle a Connecticut lawsuit accusing the

companies of deceptive credit card practices. At issue was whether

the Home Depot Consumer Credit Card's promise of a "no interest/no

payments" program had been broken when the cards charged

payments to the "no interest" portion of balances

instead of newer purchases without notifying cardholders.


the state and 8,000-plus Connecticut customers will receive

restitution in the settlement, although consumers will receive

small sums as their share of $322,000 while the state gets $350,000.


might be expected, Home Depot did not admit to wrongdoing, but

instead said it agreed to the settlement to avoid lengthy and

costly litigation.

Published 04/28/06 (Modified 05/07/12)

Share this article with:

0 Responses to "Home Depot, GE Capital Settle Lawsuit Over Credit Card Charges"

No Comments

Leave a Comment

In the News
  • "As comprehensive a list as you'll find of all the credit card offers on the table now."

Disclaimer: Because rates and offers from advertisers shown on this website change frequently, please visit referenced sites for current information. This website may be compensated by companies mentioned through advertising, affiliate programs or otherwise.