PROVIDENCE, R.I. -- A lawsuit has been filed against Fleet Bank claiming the company misled consumers and violated a pledge to fix interest rates on credit card balances transferred to Fleet accounts. Fleet Credit Card Services advertised a 7.99 percent annual rate, then raised the rate, violating Rhode Island's Deceptive Trade Practices Act, according to the lawsuit filed last week in the state Superior Court. Messages left at Fleet's public relations office Monday were not returned. Providence attorney Peter Wasylyk filed the suit on behalf of Tyler Chavers of Eagle River, Alaska, asking for class-action status to include thousands of other cardholders
I'm really glad that Fleet is finally getting it's comeuppance, between Denise Richardson, and the other class actions that have been filed against they. They have basically destroyed what was the most consumer-oriented banking institution in Massachusetts (formerly BayBank), before it merged with Bank of Boston. Fleet is nothing but a greedy corporate shark. In their recent merger they dumped all of their branches in 'undesirable' neighborhoods and have proceeded to screw depositors with new and higher fees, and randomly raise people's rates on their credit cards based on entirely specious reasons, merely to get working class people to cancel their accounts. They want to be a big money center bank catering to the rich and big business.
RE: NCO class action Was filed on October 10, 2000 Where: federal court in Philadelphia Against: NCO, Equifax, Experian and Trans Union
