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MoFo Reenforcement The Enforcement Blog

FDIC Enters Consent Order with Bank Regarding Prepaid Card Disclosures

Posted in Enforcement Actions

On March 7, 2018, the FDIC entered into a consent order with The Bancorp Bank for allegedly inaccurate disclosures concerning the amount of transaction fees assessed on cardholders. This consent order is the latest in a series of consent orders from federal agencies in recent years regarding allegedly inadequate or misleading account disclosures.

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