- Report: #395024
Report - Rebuttal - Arbitrate
Complaint Review: Aspire Card
Aspire CardPO Box 105341 Atlanta, Georgia U.S.A.
Aspire Card Deceptive Practices Atlanta Georgia
A business' first
line of defense
on the Internet.
If your business is
willing to make a
Click here now..
Georgia Bankruptcy Blog
Home > News and Comments > Atlanta Based Credit Card Marketer CompuCredit Charged With Deceptive Marketing And Abusive Debt Collection Tactics >
06 | 10 | 2008 Posted By Scott Riddle
Atlanta Based Credit Card Marketer CompuCredit Charged With Deceptive Marketing And Abusive Debt Collection Tactics
From the Atlanta Business Chronicle -
The Federal Trade Commission has sued Atlanta-based credit card marketer CompuCredit Corp. and its debt collection unit Jefferson Capital Systems LLC, charging them with using deceptive marketing and abusive debt collection tactics on consumers in the subprime market.
... The federal government is seeking $200 million in fines and restitution from CompuCredit (NASDAQ: CCRT), Wilmington, Del.-based First Bank of Delaware and Brookings, S.D.-based First Bank & Trust. FDIC has settled with a third bank, Columbus, Ga.-based Columbus Bank and Trust, a Synovus (NYSE: SNV) banking unit that paid a $2.4 million fine and agreed to a cease and desist order.
The FDIC is further seeking $6.2 million in penalties against CompuCredit.
FTC has alleged CompuCredit misrepresented the amount of credit that would be available immediately to consumers, failing to disclose up-front fees, failing to disclose certain purchases could reduce a consumer's credit limit and misrepresenting a debt collection program as a credit card offer. FTC has accused Jefferson Capital of misrepresenting a debt collection program as a credit card offer and using abusive collection tactics such as making debt collection calls to individual consumers more than 20 times per day, including before 8 a.m. and after 9 p.m., and on Sundays. ...
San Francisco, California
This report was posted on Ripoff Report on 11/25/2008 02:27 PM and is a permanent record located here: http://www.ripoffreport.com/r/Aspire-Card/Atlanta-Georgia-30348/Aspire-Card-Deceptive-Practices-Atlanta-Georgia-395024. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
- Keep the name short & simple, and try different variations of the name.
- Do not include ".com", "S", "Inc.", "Corp", or "LLC" at the end of the Company name.
- Use only the first/main part of a name to get best results.
- Only search one name at a time if Company has many AKA's.