Mastercard, UniRush fined $13 million for prepaid card breakdowns: U.S. CFPB

Published : February 01, 2017
Reuters

WASHINGTON (Reuters) - The U.S. agency charged with protecting consumers' finances on Wednesday said it fined Mastercard Inc. and private company UniRush LLC $13 million for failures in October 2015 that prevented people from accessing paychecks and other deposits on their prepaid debit cards.

 

The companies will pay $10 million in restitution to the "tens of thousands" of customers who could not access funds and $3 million civil money penalty, according to the U.S. Consumer Financial Protection Bureau.

 

(Reporting by Lisa Lambert; Editing by Chizu Nomiyama)

 

 
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