After receiving hundreds of complaints from CareCredit borrowers who claimed to have received "an inadequate explanation of the terms" of a deferred interest credit card, the Consumer Financial Protection Bureau (CFPB) this week ordered General Electric Capital Retail Bank and its subsidiary, CareCredit, to "refund up to $34.1 million to potentially more than one million consumers who were victims of deceptive credit card enrollment tactics." According to the bureau, CareCredit's lack of oversight allowed service providers to mislead consumers by failing to adequately explain that these "no interested if paid in full" credit cards were not actually interest-free cards, but instead a "deferred-interest product with a 26.99 percent interest rate." The bureau found evidence that CareCredit failed to provide adequate disclosures on the terms of the agreement, with many consumers given only oral explanations. Finally, the bureau determined that CareCredit failed to properly train the staff members in health care offices, who were primarily selling the plans. In addition to the reimbursement fund, the CFPB is ordering CareCredit to enhance consumer disclosures and improve the consumer experience with service providers. For more, read the full press release.