Billion-Dollar Bank Paying $44,000,000 Fine for Allegedly Freezing Customers’ Accounts, Charging Hidden Fees, Deceiving Customers

A Texas-based bank holding company is agreeing to pay $44 million to the Federal Reserve for a long list of alleged consumer protection violations. The Federal Reserve Board of Governors says it has taken enforcement action against Green Dot for engaging in numerous unfair and deceptive practices and running a non-compliant consumer risk management program. […] source: https://dailyhodl.com/2024/07/29/billion-dollar-bank-paying-44000000-fine-for-allegedly-freezing-customers-accounts-charging-hidden-fees-deceiving-customers/