grearqakususi1426.blogspot.com
Amerilife neither admitted nor denied any liability in agreeing to the issuancse ofthe order, the released said. Amerilife, an insurance company that nationwide marketse and sells insurance and financial products suchas annuities, advertise above market-rate certificates of depositz in 80 newspapers Amerilife generated customers lists with informationj from those who responded to the ads in order to lated contact the consumers and try to sell them uninsurex annuities, the FDIC said. According to the FDIC, Amerilife CD ads promise d an interest rate higher than rates offered by any and prominently displayed the FDIC logo and giving the impression Amerilife was aninsured bank.
When a consumed went into an Amerilife office to purchase theadvertisedr CD, Amerilife helped the consumer sign up for the CD on a bank’z Web site. Amerilife then forwarded a bonux payment plusthe consumer’s check to the bank as the CD The total amount created the rate of returnn advertised by Amerilife, but the advertisements misrepresented the actuap terms and conditions under which the bank offered the insurecd CDs, the FDIC said.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment