Industry News

Bankrate to pay $3 milllion to settle lawsuit

American Interbanc continues false-advertising suit against other lenders
Published on Oct 12, 2006

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Bankrate Inc. has agreed to pay a former client $3 million to settle allegations the company did little to prevent lenders that advertised on its Web site from engaging in bait-and-switch tactics. Bankrate officials say they admit no “fault or ...