Article: Bank card issuer agrees to pay $250,000 in redress to settle charges of misleading public benefits recipients regarding electronic transfers to bank accounts; ATM cards promoted as having "no up-front fees" and "no overdraft protection fees".

M2 PRESSWIRE-7 February 2000-US FTC: Bank card issuer agrees to pay $250,000 in redress to settle charges of misleading public benefits recipients regarding electronic transfers to bank accounts; ATM cards promoted as having "no up-front fees" and "no overdraft protection fees" (C)1994-2000 M2 COMMUNICATIONS LTD

RDATE:04022000

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 ...

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