Post Tagged with: "consent order"

Dwolla Defends Security Practices in the Face of CFPB Fine

Dwolla Defends Security Practices in the Face of CFPB Fine

by March 2, 2016 at 6:40 pm 4 comments

Dwolla, the payments startup, said that it “has never been the company’s intent to mislead anyone,” after the Consumer Financial Protection Bureau slapped it with a fine for its data security. Dwolla offered the explanation after the CFPB hit it with the $100,000 fine. Dwolla is also required to fix its securityRead More

Will The Bancorp Consent Order Hurt the Prepaid Industry?

Will The Bancorp Consent Order Hurt the Prepaid Industry?

by June 18, 2014 at 11:11 am 3 comments

Prepaid is a great business for card issuers — but it’s one regulators are looking at with growing interest. For bankers, those are scary words.