The Consumer Financial Protection Bureau (CFPB) has entered into settlements with two companies accused of violating the Electronic Fund Transfer Act (EFTA) and the Remittance Transfer Rule.
The bureau found one of the companies failed to adhere to error resolution requirements and properly respond to cancellation requests, provide refunds and give required disclosures.
Read on for details from the CFPB’s consent order, including how much the companies must pay in civil money penalties.
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