On January 27, 2014, the Consumer Financial Protection Bureau (CFPB) published a three-page consumer advisory to help consumers protect themselves in the wake of the recent breaches of payment card and other data. The advisory encourages card holders to submit complaints about issuers’ inadequate responses to disputes related to data breaches. It also contains information
Payment Processing + Cards
Large Credit Card Company to Pay $75 Million Over Deceptive Credit Card Practices
On December 23, 2013, a large credit card company was ordered by the Consumer Financial Protection Bureau (CFPB) and other federal agencies to pay $75 million in restitution and penalties based on allegations of a variety of illegal practices, including unfair billing and deceptive marketing of add-on products. The CFPB alleged that the company misled
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