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News Now

CU System
Clearview FCU to drop trademark suit
MOON TOWNSHIP, Pa. (7/23/10)--Clearview FCU (CFCU) officially withdrew its trademark infringement lawsuit against a Florida debt settlement company this week after the company agreed to change its name from Clearview Credit Inc. (CCI) back to its previous name of Debt Reduction America Inc. “They [Debt Reduction America Inc.] have filed all the paperwork with the state of Florida to do that [change the name back],” Ralph Canterbury, Clearview vice president of marketing, told News Now Thursday. “We have just withdrawn our complaint against them.” “They satisfied our complaint, so we agreed to drop it,” he added. “They did everything we asked them to do.” CFCU, based in Moon Township, Pa. has $619 million in assets. The credit union had alleged that the debt settlement company was targeting the credit union's 79,000 members via phone and mail solicitations “in an apparent attempt to trade on the goodwill established by CFCU in connection with the Clearview marks,” and causing confusion in the market place, according to the suit filed in May in U.S. District Court in Pittsburgh (News Now May 25). CCI’s solicitation of CFCU’s members “has, in fact, caused several instances actual confusion in the marketplace as to the source and/or sponsorship of CCI’s services,” the complaint added. Solicited credit union members “learned that CCI’s solicitations did not originate from CFCU only upon being reassured by CFCU representatives that the solicitations were not authorized or provided by CFCU and that CCI is in no way associated or affiliated with CFCU.”


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