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November 05, 2009 | | Comments 0 | Filed Under: DailyGovernmentNewsWall StreetWorld

FTC accuses ‘credit card’ companies of defrauding consumers

The Federal Trade Commission has filed an appeal in federal court concerning the credit card operations deceptive marketing. The complaint alleged that a catalog credit card operation deceptively marketed its card, failed to honor its refund policy, and charged up-front fees for a guaranteed line of credit.

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