- vaXzine / Foter / CC BY-NC-ND
First Bank of Delaware ignored federal warnings and processed more than $100 million in consumer-fraud transactions, the United States claims in Federal Court. The bank operated in Delaware for a number of years. Based in Philadelphia, First Bank of Delaware provided credit, short-term consumer installment loans, credit cards and prepaid cards.
A liquidating trust took over the bank after its shareholders approved its dissolution in October this year, according to the bank’s website.
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