Comenity Bank manages branded credit card programs, including Mastercard, for over 125 individual retailers as of 2016, according to the company's website. To apply for a Comenity Mastercard, use the Credit Card Program search tool at Comenity.net.
Comenity manages over 34 million credit card accounts for retail customers of such brands as Ann Taylor, Loft, Coldwater Creek, Meijer and Victoria's Secret. They also partner with colleges such as Ohio University, according to the company. Although branded for a specific retailer, the cards can be used anywhere Mastercards are accepted, according to Personal Finance Digest.
The U.S. Federal Deposit Insurance Corporation took action against Comenity for deceptive marketing of optional services to its credit card customers. In September 2015, the FDIC announced that Comenity had agreed to a settlement on charges that it had violated the Federal Trade Commission Act. The company agreed to pay a $2 million fine and $53 million in restitution to consumers, according to the FDIC. The charges stemmed from unlawful practices in the management of the company's Account Assure product, which promised to provide benefits to customers who experienced difficulty such as disability or unemployment.
Refunds are scheduled to be made to affected customers automatically, and no claims need be filed, according to the settlement website. Detailed information about the settlement is available at ComenityRemediation.com.