Violation Tracker Individual Record
Company:
CompuCredit Corporation
Current Parent Company:
Atlanticus Holdings
Penalty:
$116,400,000
Year:
2008
Date:
December 19, 2008
Offense Group:
financial offenses
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 of Data:
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.
