MBNA settles suit over card ads

Article Abstract:

MBNA Corp. has paid millions to settle class-action lawsuits alleging deceptive pricing practices. The Wilmington-based credit card firm agreed to pay a maximum of $6.5 million to current and former clients over misleading ads in the early 1990s.

Legal issues & crime

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3d quarter sets record for MBNA

Article Abstract:

Credit-card issuer MBNA Corp. posted record third-quarter profits yesterday, which rose 26% to $368.7 million. Operating costs increased 19%, to roughly $900 million.

Sales, profits & dividends

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MBNA keeps charging ahead

Article Abstract:

MBNA America Bank has agreed to pay First Union National Bank $1 billion so it can market its credit card services to First Union customers.

Nonbank Credit Card Firms, Credit Card Issuing, Strategic alliances, Personal credit institutions, Nonbank credit card services, MBNA America Bank N.A., First Union National Bank Corp.

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