First Premier to pay $4.5 million over credit card marketing practices (Banking Business Review)
And, should credit card fraud take place, the cardholder is protected by zero liability policies that lessen the damage.
First Premier to pay $4.5 million over credit card marketing practices (Banking Business Review)
Sioux Falls, South Dakota-based First Premier Bank has agreed to pay a settlement totaling $4.5 million, as well as penalties and costs of $105,000, over claims made by the New York state attorney general that the bank knowingly offered credit cards to consumers with poor credit ratings, the New York Times has reported. However, according to the publication, the bank did not acknowledge liability ...
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Cuomo: Bank preyed on subprime customers (Newsday)
Under a settlement agreement with the state attorney general's office, First Premier Bank will pay $4.5 million in refunds and $105,000 in penalties and costs to thousands of its subprime credit card customers statewide, including Long Island.
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Credit lending on agendas for Congress (The Argus Leader)
High-risk credit card lenders have been under a microscope. Scrutiny began with a Senate Subcommittee on Permanent Investigations hearing in March, and subsequent events such as First Premier Bank's agreement this month to pay $4.5 million to the state of New York to resolve an attorney general's investigation into First Premier's past marketing and billing practices in that state have only ...
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First Premier to refund $4.5 million to settle deceptive tactics claims (The Argus Leader)
A South Dakota bank already on the hotseat for its lending practices today agreed to refund $4.5 million to New York consumers to settle claims it used deceptive and illegal tactics marketing credit cards to people with poor credit ratings, according to the New York Attorney General's office. Sioux Falls-based First Premier Bank will also pay $105,000 in costs and penalties and change the way it ...
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South Dakota credit card issuer agrees to $4.5M settlement (BizJournals)
First Premier Bank, a South Dakota credit card company, has agreed to a $4.5 million settlement, according to state Attorney General Andrew Cuomo's office.
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Credit card company to pay consumers back (News 10 Now Syracuse)
After an investigation, the state's attorney general found First Premier Bank guilty of illegal marketing tactics.
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Card fees refunded in bank settlement (Rochester Democrat and Chronicle)
New York consumers will get as much as $4.5 million in refunds from a South Dakota bank under a settlement.
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'Subprime' credit card bank settles complaint in NY (Press & Sun-Bulletin)
ALBANY (AP) -- A South Dakota bank will refund $4.5 million to New York consumers to settle claims it used deceptive and illegal tactics marketing credit cards to people with poor credit ratings, according to the New York Attorney General's office.
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'Subprime' credit card bank settles marketing complaint in NY (WCAX-TV Vermont)
Associated Press - August 15, 2007 5:55 PM ET ALBANY, N.Y. (AP) - New York consumers will get as much as $4.5 million in refunds from a South Dakota bank under a settlement of claims it used...
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'Subprime' credit card bank settles marketing complaint in NY (WSTM-TV NBC 3)
ALBANY, N.Y. (AP) - New York consumers will get as much as $4.5 million in refunds from a South Dakota bank under a settlement of claims it used deceptive and illegal tactics marketing credit cards to people with poor credit ratings.
Read full post here. Copyright (c) 2004 Yahoo! Inc. All rights reserved.
First Premier to pay $4.5 million over credit card marketing practices (Banking Business Review)
Fraud is typically detected in one of two ways -- through the consumer's notification by another party or the consumer's own discovery of the fraud through some due diligence of their own. Outside detection examples include notification by such companies as a bank or credit card issuer, a debt collector or creditor, or when the consumer is rejected for credit.
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