The Federal Trade Commission will announce a law enforcement action today, charging a credit card marketer and a debt collection company with using deceptive marketing practices and abusive debt collection tactics affecting consumers in the subprime market. The announcement will be made during a joint press conference with the Federal Deposit Insurance Corporation (FDIC); the FDIC will announce administrative charges against the credit card marketer and banks that issued credit cards marketed by the company.
| WHERE: | Federal Deposit Insurance Corporation Board Room 550 17th St. NW Washington, DC 20429 |
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| WHEN: | Tuesday, June 10, 2008, 1:30 p.m. |
| PRESS CONTACT: | FTC Office of Public Affairs 202-326-2180 |