Powered by
Feb 2, 2017 - The Washington Post

The Consumer Financial Protection Bureau is fining MasterCard and the parent company of RushCard $13 million for technical issues that left tens of thousands of customers without access to their prepaid card accounts for days.

The federal watchdog said $10 million of the fine will be given to customers who faced fees and other hardships in 2015 because of a technical glitch.

Customers will receive payments ranging from $25 to $250, depending on the issues they faced during the outage

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox