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Bank Card Mislead Social Security Beneficiaries

Wed, 06/28/2000 - 12:00am — Karen Stevenson
Description: 

The Federal Trade Commission has negotiated a settlement agreement with an Atlanta, Georgia company, under which the company has agreed to pay $250,000 in consumer redress for allegedly misleading public benefits recipients and other consumers in its marketing of the "Delaware Bank Card," an automated teller machine (ATM) bank card that offers direct deposit services with an affiliated bank. The company, DBC Financial, Inc. ("DBC Financial"), primarily targeted Social Security recipients by offering, among other services, a direct deposit service for Social Security checks. The proposed settlement would bar DBC Financial, a Delaware corporation that provides marketing services to banks, from making the misrepresentations in the future.

The Federal Trade Commission has negotiated a settlement agreement with an Atlanta, Georgia company, under which the company has agreed to pay $250,000 in consumer redress for allegedly misleading public benefits recipients and other consumers in its marketing of the "Delaware Bank Card," an automated teller machine (ATM) bank card that offers direct deposit services with an affiliated bank. The company, DBC Financial, Inc. ("DBC Financial"), primarily targeted Social Security recipients by offering, among other services, a direct deposit service for Social Security checks. The proposed settlement would bar DBC Financial, a Delaware corporation that provides marketing services to banks, from making the misrepresentations in the future.