RushCard Ordered to pay for Million for Disruption of Prepaid Card provider

RushCard Ordered to pay for Million for Disruption of Prepaid Card provider

A lot more than per year after a dysfunction of RushCard’s prepaid debit card system denied lots and lots of clients usage of their money, a federal regulator has purchased the organization as well as its re re payment processor, MasterCard, to cover $13 million in fines and restitution.

The penalty is intended to deliver a warning to your whole prepaid credit card industry, the manager for the customer Financial Protection Bureau stated on Wednesday. Lots of people, particularly low-income clients, count on such cards rather than bank reports.

“Companies will face the effects if ındividuals are denied use of their cash,” the manager, Richard Cordray, said. “All with this stemmed from a number of problems that will have already been anticipated and avoided.”

Continue reading “RushCard Ordered to pay for Million for Disruption of Prepaid Card provider”