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The 3rd U.S. Circuit Court of Appeals has revived a consumer class action suit that accuses Fleet Bank of misleading customers by promising a "fixed" low interest rate on its credit cards and then raising the rate just one year later. A unanimous three-judge panel found that "Fleet's solicitation materials could cause a reasonable consumer to be confused," giving new life to a claim under the Truth in Lending Act that was dismissed in June 2001.
September 02, 2003 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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