Washington, D.C. – An individual Financial Protection Agency now grabbed step up against Bank card and you can UniRush to own breakdowns one left several thousand financially insecure RushCard profiles not able to access their unique money to fund very first fundamentals. In , a hasty of preventable failures because of the Charge card and you can UniRush designed you to of many users could not fool around with its RushCard to obtain their paychecks or any other head deposits, take-out cash, go shopping, make ends meet, otherwise rating specific equilibrium advice. UniRush then did not bring customer service to numerous customers which achieved aside having assist when you look at the services dysfunction. The fresh new CFPB keeps purchased Credit card and UniRush to pay a projected $10 billion inside the restitution so you’re able to countless harmed people. The fresh new CFPB plus fined Mastercard and you may UniRush $3 million.
CFPB Requests Mastercard and you will UniRush to blow $13 Billion having RushCard Breakdowns You to Block Consumers’ Accessibility Loans
“Bank card and you will UniRush’s disappointments stop 1000s of insecure people off their individual money, and you can put certain to the your own economic crisis,” said CFPB Director Richard Cordray. “The firms have to get it right to have customers and make certain particularly devastating provider interruptions commonly regular.”
UniRush LLC try good Delaware company headquartered near Cincinnati, Kansas. It is the system director to own RushCard, a good reloadable prepaid service debit cards co-situated by business person Russell Simmons, and you may oversees procedures for instance the cardholder webpages. Fortsätt läsa ”CFPB Sales Credit card and you will UniRush to pay $thirteen Million to own RushCard Breakdowns One Block Consumers’ Usage of Loans”