Wow--they're really going after them. They want to keep CCB from conducting business in PA until all restitution is paid. I wonder how long until CCB declares BK? When they do, I hope that they get a lot of harassing calls from their creditors!
*sings celebration* and I haven't had an account with them... But they are 1 of the 2 which I had the run-in about the non-permissible PRMs that they received, and it took 3 letters through the BBB to finally get them to disclose the CRA which has a major presence across the river from DE.
For anyone who can't get enough of a good thing, here's links to other articles on this breaking news story... Y! News comes in handy... Pa. Atty-Gen Sues Del. Bank for Predatory Marketing KYW News Radio 1060 - Jun 24 10:31 AM http://www.kyw1060.com/news_story_detail.cfm?newsitemid=38588 Pennsylvania joins list of states suing Delaware bank phillyburbs.com - 5 hours, 23 minutes ago http://www.phillyburbs.com/pb-dyn/news/103-06242004-321862.html Pennsylvania Attorney General Pappert Takes Action Against Bank and Its Collection Company in Alleged Predatory Lending/Credit Card Scheme [press release] PR Newswire - Jun 24 10:29 AM http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/06-24-2004/0002199486&EDATE=
An interesting thing that you will notice when you look at the actual suit. It outlines all of the violations, as if they were FDCPA violations (which wouldn't apply to CREDITORS), but it also shows how masterfully the law (at least in PA) has a way that they can backdoor those violations into another part of the state statutes. Makes interesting reading for anyone who would like to go after an OC for FDCPA violations, but can't because it exempts the OC from the FDCPA. The caveat that CCB & ACS may run into is that since the two companies both used CCB to identify themselves, CCB customers unless they read every line of the fine print wouldn't know that the other company ACS is involved in the arrangement. So there is a chance that the state may be able to use the doing business under a different name exception to get neither company to qualify as the OC. An example is... BTW: FCEUA = Fair Credit Extension Uniformity Act 73 PS 2270.1 et seq. (Now if I can find a copy of the FCEUA, since PA's codes aren't officially online... ) 58. This persistant pattern of relentless and repeated calling violates the Fair Debts Collection Practices Act at 15 USC 1692d and 1692d(5), and thereby violates the FCEUA. 59. In the event that one or both of the defendents are determined to be 'Creditors' as the term is used in the FCEUA, then the aforesaid conduct violates that statute at 73 PS 2270.4(b)(4), and 2270.4(b)(4)(v).
This doesn't directly affect most card holders (unless your state is one of the states which is suing them), however even then as of yet, the suits are just the equivelent of charges, CCB is still technically innocent until proven guilty (or they settle). But if you have any complaints against them, now would be the time to complain to your state AG's office to see if enough people have complaints to warrent your state AG's office to take action. (As well as the FTC, but if it took more than 400 complaints for the state to take action, after repeated warnings to CCB; you can imagine how many complaints the FTC would need to have before they would decide to take action.)
