FEDERAL DEPOSIT INSURANCE CORPORATION v. ALTER et al

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Case Number:

2:13-cv-03361

Court:

Pennsylvania Eastern

Nature of Suit:

Other Statutes: Banks and Banking

Judge:

CYNTHIA M. RUFE

Firms

Government Agencies

  1. 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.

  2. 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.