Federal Reserve Fines Green Dot $44 Million, Alleging Unfair Practices
Green Dot(GDOT) PYMNTS.com·2024-07-20 07:07
The Federal Reserve Board said Friday (July 19) that it fined Green Dot $44 million for unfair and deceptive practices and a deficient consumer compliance risk management program. Specifically, the Federal Reserve Board said, the company failed to adequately disclose the tax refund processing fee for tax preparation services offered on a third-party's website; blocked access to the accounts of legitimate customers receiving unemployment benefits; lacked reasonable policies and procedures to help those custo ...