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CFPB Hits JPay with $6 Million in Fines and Restitution Over Fee-Heavy “Debit Release Cards”

by Chuck Sharman

In an order and settlement agreement released on October 19, 2021, by the federal Consumer Financial Protection Bureau (CFPB), prison financial giant JPay, LLC agreed to pay $6 million in fines and restitution, after its prepaid debit cards were found to have taken unfair advantage of some ...

 

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