WASHINGTON — The Federal Deposit Insurance Corp. announced Friday that CompuCredit Corp. will pay $116 million and reform its practices to settle charges the Atlanta marketing firm misled subprime credit card users.

CompuCredit is to supply $114 million of credits to help customers pay fees regulators say the company did not properly disclose. It will also pay $2.4 million in civil money penalties and give cash refunds to some customers.

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