More trouble for FCNB

Discussion in 'Credit Talk' started by keepmine, Mar 27, 2003.

  1. keepmine

    keepmine Well-Known Member

    Suit Alleging Bank Hid Credit Card Fees Reinstated
    An appeals court on Tuesday reinstated a class action that accuses a bank of aggressively selling credit cards with hidden fees to low-income consumers, the New York Law Journal reported. New York's Appellate Division, 1st Department, said a trial judge had used the wrong standard in summarily dismissing the suit. The plaintiffs, the court said, had clearly pleaded sufficient facts to support a claim of deceptive practices against First Consumers National Bank. The plaintiffs allege the bank used high-pressure sales tactics to sell credit cards to people who were likely to be rejected by most credit card offers. In their complaint, the plaintiffs allege that ads for the cards deceived customers by hiding fees, including annual fees, in a disclosure statement with small type. To read the full article, point your browser to http://www.law.com/jsp/article.jsp?id=1048518194501.
     

Share This Page