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FEDERAL DEPOSIT INSURANCE CORPORATION v. ALTER et al
Case Number:
2:13-cv-03361
Court:
Nature of Suit:
Other Statutes: Banks and Banking
Judge:
Firms
Government Agencies
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August 11, 2014
FDIC Nears Accord In $219M Suit Against Ex-Advanta Execs
The Federal Deposit Insurance Corp. and two former top executives of failed Advanta Bank Corp. are nearing a deal to resolve the independent agency's $219 million lawsuit accusing the pair of crippling the bank by increasing credit card interest rates to unprecedented levels.
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June 19, 2013
FDIC's $219M Suit Blames Advanta Execs For Bank's Collapse
The Federal Deposit Insurance Corp. launched suit Monday in Pennsylvania federal court to recover $219 million from two top executives of the failed Advanta Bank Corp. who allegedly crippled the bank and alienated customers by increasing credit card interest rates to unprecedented levels.