The Federal Deposit Insurance Corp. (FDIC) has settled with Advanta Bank Corp. regarding the latter’s alleged deceptive and unfair practices that are in violation of section 5 of the Federal Trade Commission (FTC) Act.

According to the settlement, Advanta will pay around $14 million to businesses that used Advanta’s Cash Back Reward program, and $21 million to shareholders whose accounts were repriced. The credit card firm has also agreed to a cease and desist order and a civil money penalty of $150,000.

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