Violation Tracker Individual Record

Company: 
CompuCredit Corporation
Current Parent Company: 
Atlanticus Holdings
Penalty: 
$116,400,000
Year: 
2008
Date: 
December 19, 2008
Primary Offense: 
banking violation
Violation Description: 

A settlement of allegations that CompuCredit deceptively marketed subprime credit cards included restitution of approximately $114 million to consumers in the form of credits for certain fees arising from the deceptive marketing practices. The company also agreed to pay of civil penalty of $2.4 million.

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: 
Georgia
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
subprime credit 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.