UniRush LLC and Mastercard International Incorporated
Enforcement, Prepaid Cards, Credit Cards
The CFPB fined MasterCard and UniRush $13 million for a “failure” with their prepaid card service. In 2015, a service outage “left tens of thousands of people unable to pay bills and access cash.” Thousands of their consumers, whom the CFPB classified as “economically vulnerable,” were unable to access their accounts due to a prolonged processing blackout and around a thousand customers had their accounts “wrongfully suspended due to possible fraud.” The CFPB said that even though the companies had “spent 13 months preparing,” the blackout had been caused by “a rash of preventable failures.”
Inactive or Resolved
We need your help to hold powerful special interests accountable and empower hardworking Americans. Join our fight today!