Violation Tracker Individual Record

Company: 
Comenity Bank and Comenity Capital Bank
Current Parent Company: 
Alliance Data Systems
Penalty: 
$63,950,000
Year: 
2015
Date: 
September 8, 2015
Offense Group: 
financial offenses
Primary Offense: 
banking violation
Secondary Offense: 
credit card violation
Violation Description: 

The Federal Deposit Insurance Corporation announced a settlement with Comenity Bank, Wilmington, Delaware, and Comenity Capital Bank, Salt Lake City, Utah, for deceptive practices related to the marketing and servicing of credit card "add-on products," in violation of Section 5 of the Federal Trade Commission Act.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Federal Deposit Insurance Corporation
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Texas
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
information services
Specific Industry of Parent: 
data services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.