Consumer agency fines Mastercard, UniRush $13M over prepaid cards
Posted: Thu Feb 02, 2017 8:08 am
The Hill - 2/1/2017 - Lydia Wheeler - Financial regulators have ordered Mastercard and UniRush to pay $13 million in payments and fines for leaving tens of thousands of customers unable to access their own money through prepaid cards.The Consumer Financial Protection Bureau (CFPB) action is in response to a breakdown of the companies’ RushCard system. The reloadable prepaid debit card is advertised as a way for consumers to get their paychecks and other direct deposits on their card “up to two days sooner.” http://thehill.com/regulation/finance/3 ... nirush-13m