FTCRSS

Equifax breach fallout far-reaching

Equifax

The fallout from Equifax’s data breach, which compromised personal data of 143 million US consumers, continues with an investigation by the US Federal Trade Commission (FTC) and Mastercard and Visa warning issuers that more than 200 million cards are at risk.

NetSpend settles with US Federal Trade Commission for $53m

NetSpend settles

Facing charges by the US Federal Trade Commission (FTC) that NetSpend deceived cardholders and denied or delayed their access to funds, the TSYS subsidiary agreed to a $53 million settlement, which consists of $40 million on deposit in customer accounts and $13 million in refunded fees.

TSYS in settlement negotiations with Federal Trade Commission; plans to launch new banking account

NetSpend to settle with FTC

TSYS-owned NetSpend is negotiating with the Federal Trade Commission (FTC) over allegations that the prepaid cards provider deceived cardholders and denied or delayed their access to funds. NetSpend is working on diversification, including the launch of a demand deposit account (DDA) later this year.

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