In a new blog posting by the Consumer Financial Protection Bureau (CFPB), the agency announced that consumers harmed by a 2015 outage of RushCards issued by prepaid card retailer UniRush would have redress checks mailed to them.
Although it is an announcement of redress directed by the company and not a distribution of civil money penalty funds by the CFPB, it is the first public pronouncement of redress since acting director Mick Mulvaney announced a freeze on distributions of civil money penalty funds in November.
Read on for more details of the bureau’s announcement, and how to avoid being scammed in the redress process.
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