State AGs Announce $4.2 Million Settlement with National Bank for Alleged CARD Act Violations
By EsqSocial Corporation 10/02/21
On February 8, state Attorneys General for North Carolina, Iowa, Massachusetts, New Jersey, and Pennsylvania (State AGs) announced a $4.2 million settlement with a national bank to resolve allegations that it overcharged credit card interest for certain customers. According to the settlement agreement, the State AGs conducted a joint investigation into whether, between 2011 and 2017, the bank failed to reevaluate and reduce annual percentage rates (APR) for certain consumer credit card...
By: Goodwin