Scott
Woodbury,#2Author of original report
Fri, October 31, 2003
http://www.fdic.gov/bank/individual/enforcement/11867.html if you type in the following url to your browser it will take you to a Gov web sight where you can read the order that put providian in the cut the throats of our customers roll. it is the reason that Emerge was invented to help the Providian name get through it's deceptive practices. It's a good read and you will find that the FDIC ordered the increase of the rates and the closer of accounts (switched to emerge to pay off) so that the providian bank could comly with the order. Its a good read for sure