Monday, August 2, 2010

GE Consumer Finance Cuts Operations in Japan

General Electric Consumer Finance Scales Way Back
GE Consumer Finance in Japan offers credit cards, housing loans and insurance services.
Because of the Tokyo's decision to crack down on lenders charging exorbitant rates, 30%….making the max 20% in two years, GE Consumer, a subsidiary of General Electric, will scale down its operations.

Source: Japanlyst

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