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07/24/2024
Fed Fines Green Dot $44M for Consumer Compliance Violations
Green Dot
The Fed said the Austin, Texas-based fintech company violated consumer law in its marketing, selling and servicing of prepaid debit card products. Violations included failing to disclose tax refund processing fees for a third-party website and blocking access to accounts of legitimate consumers receiving unemployment benefits without putting reasonable procedures in place to help them lift those blocks.
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