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Violation Tracker Individual Record

Company: American Savings Discount Club
Penalty: $3,000,000
Year: 2002
Date: August 1, 2002
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: American Savings Discount Club agreed to establish a redress fund of about $3 million to settle a complaint that the Federal Trade Commission filed jointly with the Attorneys General of Virginia, Wisconsin, and North Carolina. The complaint alleged that the company pitched a fraudulent advance-fee loan promotion to hundreds of thousands of consumers nationwide. The settlement was also announced by the FTC; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.