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WASHINGTON—Participants in an alleged credit card “laundering” scheme have agreed to settle Federal Trade Commission charges that they illegally helped provide access to payment networks, thereby enabling scammers to place bogus charges on consumers’ credit cards.

FRANKENMUTH, Mich.–Frankenmuth Credit Union here, which recently was one of three credit unions to win $10,000 to be donated to the charity of its choice through the Share the Love competition, has named a local green market as the recipient of the funds.