Advanta Bank Corp Complaint - Predatory Lender Practices
SALT LAKE CITY, UTAH -- Advanta Bank Corp refuse the reimbursement of the interest ($1,500) acquired illegally after the notification to opt-out of changes of the terms.
Advanta request documented proof, such as a fax confirmation page or a tracking number of our opt out sent letter. This is other frivolous arguments, the notification was sent as indicated by current regulations, mailing certification was not required for said notification.
This practices show clearly abuse of a predatory lender that is ignoring the federal law and consumer credit protection act.
The FDIC Consumer Affairs specialist office received the above complaint and this was their response: the submission and/or receipt of an opt-out notice involves a factual dispute. While we are unable to assist you further at this time with your particular situation.