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<<So I'm not surprised that a suit is pending. >>

Actually, the deal is done as far as I know. I'm not sure about financial penalities for the offending companies, but they made their fine print a bit bigger.

The deal these companies offer is good. There is no catch involved it it. If you pay 100% by the 365th day, you got a interest free loan. You'll find these offers in the Sunday paper even today.

The thing is, I feel a similar class action against the credit card companies who offer 4.9% and put in small print for 6 months.
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