Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Advanta Bank Wins Rare Court Fight Against FDIC

Wednesday, February 17, 2010 - 2:06 PM
This is the tiny sister bank of Advanta Bank Corp. Both banks are part of credit card giant Advanta Corp. which filed for bankruptcy last November. This Bank Investment Consultant article has the details about this case:
The Federal Deposit Insurance Corp. suffered a rare court defeat Tuesday, as a federal judge sided with a bank that had challenged an enforcement order.
Hat tip to reader who mentioned this news in the Open Discussion Thread.
Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
Rep Points: 125,800