TSS’s NetSpend Says It Plans to Contest FTC Complaint
Source: BFW (Bloomberg First Word)
Tickers
TSS US (Total System Services Inc)
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UUID: 7947283
(Bloomberg) -- NetSpend says it intends to “vigorously” contest FTC complaint regarding marketing materials, consumer deception and fraud controls, and has “substantial defenses to do so.”
Alert: HALISTER1- “NetSpend takes seriously and carefully adheres to these legal mandates to fight identity theft, money laundering and terrorist financing and believes that no one was deceived or harmed by the company’s compliance with these legal obligations”
- Shares had been higher by as much as 2.2% before trading down to as low as -1.4%
- Earlier, FTC Alleges TSS’s NetSpend Denied Debit-Card Fund Access
- Nov. 4, Total System Services in Talks With FTC on Marketing Complaint
Source: BFW (Bloomberg First Word)
Tickers
TSS US (Total System Services Inc)
To de-activate this alert, click here
UUID: 7947283