Thursday, January 7, 2016

Deceptive Practices Lawsuit against Navy FCU Dismissed

Reuters is reporting that a Nevada federal judge has dismissed a lawsuit accusing Navy Federal Credit Union of fraudulent marketing of add-on insurance for holders of its credit cards and consumer loans.

In a decision on Monday, U.S. District Judge Larry Hicks said the Navy Federal Credit Union was not dishonest in the way it sold the plans and clearly disclosed their terms to its members.

Read the story.

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