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ADVNA Advanta Corp Class A (MM)

0.07
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
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

FDIC Settles With Advanta Bank Over Deceptive,Unfair Practices

02/07/2009 12:11am

Dow Jones News


Advanta Corp Class A (MM) (NASDAQ:ADVNA)
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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 Year Advanta Corp Class A (MM) Chart

1 Month Advanta Corp Class A (MM) Chart

1 Month Advanta Corp Class A (MM) Chart