Row Over Unsolicited Credit Cards - GE Capital Backs Down
GE Capital backtracks in row over issuing unsolicited credit cards to customers of its store cards
15th January 2004
Credit company GE Capital has backed down in the row over unsolicited credit cards. The company's previous practice of sending out credit cards to holders of its Debenhams and Harrods store cards was criticized by the government trade scrutineers, the Office of Fair Trading.
It concluded that the literature accompanying the cards did not make it clear that take-up of the card was purely optional, requiring a telephone activation before the cards can be used.
GE Capital have agreed that they need to make this fact clearer, and will take steps to come into line with the OFT ruling.
Read More: BBC Report, Office of Fair Trading
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