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Netspend to pay over $1M to settle claims of unfair practices against low-income New Yorkers.
Netspend, a prepaid card company, will pay over $1 million to settle allegations of unfair practices against low-income New Yorkers.
The company is accused of charging excessive fees and interest rates, sometimes over 300%, and freezing customer accounts, including those holding Social Security and veterans' benefits.
Netspend must pay $735,000 to affected customers and a penalty of over $350,000 to New York state.
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Gasto neto en pagar más de $1M para resolver reclamaciones de prácticas injustas contra neoyorquinos de bajos ingresos.