Wednesday, February 01, 2017

RushCard Ordered to Pay $13 Million


Yesterday Green Dot pre-paid debit card announced their acquisition of Russell Simmons' UniRush Company and his pre-paid debit RushCard for $147 million dollars [click here if you missed that].

Today RushCard was ordered to pay $13 million in fines and restitution after a system wide glitch two years ago caused users to lose access to their funds for over a month...

The Consumer Financial Protection Bureau announced on Wednesday that RushCard has been ordered to pay $10 million in restitution to users and $3 million in fines.

On October 15, 2015 Rush Card went off-line for a systems upgrade and stayed off line for over a month [click here and here if you missed that].

Green Dot is not responsible for the RushCard judgment.

5 comments:

Anonymous said...

Good. Shiesty bastard....

Anonymous said...

All Of them are Scam artists


Namaste

Laa soul said...

Hey Snitch TMZ is reporting that Beyonce is pregnant with twins. Let's see if the belly folds again this time!

chevychick said...

He tried to get rid of it, sell it to greendot. not so fast wise guy, you owe those people restitution!

Anonymous said...

Wow, they caught him before his sleezy act of selling the company!

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