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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Advanta Corp Class A (MM) | NASDAQ:ADVNA | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.07 | 0 | 01:00:00 |
The Federal Deposit Insurance Corp. said Wednesday it reached a settlement with Advanta Corp.'s (ADVNB) Advanta Bank Corp. over allegations of deceptive and unfair practices.
The Draper, Utah-based bank agreed to pay a civil penalty of $150,000, as well as to refund about $14 million to businesses that used its "Cash Back Reward" credit card program and about $21 million to customers whose accounts had seen a substantial increase in their annual percentage rate without exceeding their credit limits or becoming delinquent in making payments.
In agreeing to the settlement, Advanta didn't admit or deny any liability.
-By Tom Barkley, Dow Jones Newswires; 202-862-9275; tom.barkley@dowjones.com
1 Year Advanta Corp Class A (MM) Chart |
1 Month Advanta Corp Class A (MM) Chart |
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