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CompuCredit in $116M FDIC Subprime Settlement.

Publication: American Banker
Publication Date: 22-DEC-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Byline: Joe Adler

WASHINGTON - The Federal Deposit Insurance Corp. announced Friday that CompuCredit Corp. will pay $116 million and reform its practices to settle charges the Atlanta marketing firm misled subprime credit card users.

CompuCredit is to supply $114 million of credits to help customers pay fees regulators say the company did not properly disclose. It will...

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