Credit Card Company Abandons Lawsuit Against Review SiteJanuary 13, 2015
Credit Card Company Abandons Lawsuit Against Review Site
Article from BuzzFeed News:
The South Dakota based credit card company First Premier has abandoned its lawsuit against the credit card review website CardHub, which hosted reviews of First Premier’s credit cards. The suit, first filed in April, asked for $ 5 million in damages and alleged that CardHub had violated First Premier’s trademarks by listing information about the card, providing a link to the First Premier website, and using its logos.
First Premier dropped the suit in a filling late Friday in federal court in South Dakota
First Premier has often faced criticism from consumer advocates for high fees attached to their credit cards, which are usually aimed at borrowers with poor credit. Many credit card review sites don’t have reviews of First Premier credit cards. Charles Tran, the founder of CreditDonkey.com, told BuzzFeed News in August that his site doesn’t list First Premier cards because “there’s almost no point to their products.” Kevin Yuann, credit card director at NerdWallet, another credit card website, said in August that First Premier cards “are not an appropriate product for people to build cr…………………continues on BuzzFeed News
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