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AG: Banks ‘slamming’ customers with fees

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Posted: Friday, April 19, 2013 9:00 pm

Attorney General Gary King is accusing eight of the nation’s largest banks of deceptive marketing of protection plans for credit-card holders — a practice known as “slamming.”

Eight separate civil lawsuits filed in state District Court this week say the banks violated the New Mexico Unfair Practices Act by charging credit-card customers about $100 a year for “ancillary products” that often were useless to them.

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