June 26, 2013

Banks settle W.Va. credit card protection suit

CHARLESTON, W.Va. (AP) — Three banking companies have settled a lawsuit that alleged they used deceptive or misleading tactics to sell credit card payment plans to customers.

The lawsuit alleged that the companies' practices violated West Virginia's consumer protection laws. The attorney general's office filed the lawsuit in 2011.

Attorney General Patrick Morrisey announced the settlement with holding company United National Corp. and subsidiaries First Premier Bank and First Premier Bankcard on Tuesday. He says the companies agreed to pay a total $112,500 to the state.