FTC Press Conference Will Announce Lawsuit Challenging Subprime Credit Card Marketing Company and Debt Collector

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.