CFPB ENDS U.S. BANK, APPLE CONSENT ORDERS EARLY
https://s.yimg.com/ny/api/res/1.2/EK2t37u8IW89Iio3RC2SWQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/banking_dive_717/19d0d4dd7261c1b15c35112d94b5baec
✍️ The Consumer Financial Protection Bureau has terminated consent orders against U.S. Bank and Apple, citing their compliance with the orders and payment of penalties.
👉 U.S. Bank paid $20.7 million in penalties for freezing unemployment benefits 👉 Apple paid $25 million in penalties for failing to send credit card disputes to partner bank Goldman Sachs 👉 The CFPB terminated the orders after the companies complied with the orders and paid the penalties 👉 The orders were related to issues with unemployment benefits and credit card disputes
-- #RohitChopra #RussVought #DavidSolomon #EricHalperin #Minneapolis #Jackson #Mississippi #politics
Loading quoted post…
