Wednesday, August 6, 2014
(Honolulu, HI) -- The state of Hawaii is settling a lawsuit against four credit card companies for eleven-point-three-million dollars. Attorney General David M. Louie says the settlement will resolve cases of deceptive business practices against Bank of America, JP Morgan Chase, Discover Financial Services and Citibank. He says the companies engaged in deceptive marketing practices for their credit card payment protection plans. The state claims consumers were solicited by these banks over the phone or email with misleading sales pitches that omitted important information. The improper conduct included enrolling consumers without their consent, distorting plan benefits and billing for services not provided.