Pa. Official Says Firm Broke Credit Card Pact

HARRISBURG, Pa. -- The Pennsylvania attorney general said that a Delaware County company, which promises to get major credit cards for its clients for a $159.50 fee, is violating an agreement with his office.

Attorney General Ernie Preate Jr. said his office has received 70 new complaints "from consumers who paid the fee but have not received a credit card or a refund." His Bureau of Consumer Protection has asked Commonwealth Court to assess civil penalties against the company and its principals and to order them to pay refunds to more than 120 consumers.

The petition identifies the business as Kennedy Finance Center, Glenolden, Pa.

Visa or MasterCard Promised

Mr. Preate said the firm promises to get clients a MasterCard or Visa credit card, or refund the fee. On charges earlier this year that it failed to disclose that some customers would have to wait a long time to get their cards, Kennedy Finance Center paid a $500 civil penalty and agreed to offer 54 customers the choice of a refund or a new contract.

The new petition asks the court to dissolve Kennedy Finance Center and bar its partners, Ronald Kennedy and Steven Carpenter, from doing business in Pennsylvania.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.