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Financial Services Industry › Unfair or Deceptive Trade Practices › Prepaid Payment Products

Orrick, Herrington & Sutcliffe LLP

Court orders bank to produce third-party records in prepaid debit card fees suit

Orrick, Herrington & Sutcliffe LLP on

On August 21, a federal magistrate judge in the District Court for the Western District of Washington ordered a bank to produce certain records related to its prepaid debit card program, including documents maintained by...more

Goodwin

FRB Fines Utah Prepaid Debit Card Company $44 Million for Unfair and Deceptive Practices

Goodwin on

O​​​​​​​n July 19, 2024, the Federal Reserve Board announced it had fined a Utah-based company that offers prepaid debit cards $44 million for alleged unfair and deceptive practices as well as an alleged deficient consumer...more

Smith Debnam Narron Drake Saintsing & Myers,...

Bad System Conversion Leads to CFPB Consent Order for Prepaid Card Provider and its Vendor

Smith Debnam Narron Drake Saintsing & Myers,... on

The CFPB continues to flex its muscle and expand its reach, this time punishing a prepaid card provider and its vendor for a conversion to a new system that did not go as planned. The consent order, which was entered into...more

Troutman Pepper

Consumer Financial Regulation: Pennsylvania

Troutman Pepper on

A Q&A guide to consumer finance regulation in Pennsylvania. This Q&A addresses state-specific laws governing the offering and sale of consumer financial products and services, including credit cards, residential...more

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