The CFPB has sued Horizon Card Services and its CEO Robert Kane for tricking consumers into signing up for its expensive credit card. Horizon’s credit card could come with almost $300 in annual fees on a card with a $500 credit limit and could only be used to purchase goods from the company’s overpriced online store and nowhere else!
It is alleged that Horizon and Kane lured consumers into the membership program through deceptive marketing, charged consumers illegal and excessive fees, and also made it unreasonably difficult for consumers to cancel memberships and obtain refunds. The CFPB is asking the court to end Horizon and Kane’s illegal conduct, and to order them to pay a fine and redress to consumers.
If you believe you have been taken advantage of by a creditor call the Law Office of Camron Hoorfar 816-944-0251.