Violation Tracker Individual Record

Company: 
CompuCredit Corporation
Current Parent Company: 
Atlanticus Holdings
Penalty: 
$114,000,000
Year: 
2008
Date: 
December 19, 2008
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Violation Description: 

CompuCredit Corporation, a company marketing Visa and MasterCard credit cards to consumers in the subprime credit market, agreed to reverse $114 million in fees charged to eligible consumers' accounts to settle allegations that it violated federal law by using deceptive marketing techniques.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Federal Trade Commission
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.