FCNB Signs OCC Consent Order

Discussion in 'Credit Talk' started by NiceGuy, May 28, 2002.

  1. NiceGuy

    NiceGuy Well-Known Member

    From CardWeb.com:

    No more FICO < 680 for FCNB:

    Spiegel's OR-based First Consumers National Bank has signed a consent order with the OCC to end the issuance of sub-prime credit cards. FCNB has agreed to stop issuing any new secured credit cards unless it is fully secured; increasing the credit line of any existing secured credit card; issuing any new unsecured or partially-secured credit cards to any existing customer with a FICO score below 680; and providing any new credit line increases on any bankcard to any customer having a FICO score less than 680.
     

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