Fleet Bank Sued Over Credit Card
New York Times (10/10/00) Vol. 104, No. 40 p.C2; Bach, Deborah

A lawsuit has been filed against Fleet Bank by a customer in Alaska. The suit, which seeks class-action status, accuses the company of misleading consumers. Fleet allegedly violated a pledge to charge a single fixed interest rate on Fleet credit card balances. According to the suit, Fleet advertised a 7.99 percent annual rate then raised the rate to as high as 10.5 percent.


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