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Fed Fines Green Dot $44M Over Lax Compliance Program

By Katryna Perera (July 19, 2024, 3:15 PM EDT) -- The Federal Reserve Board on Friday fined prepaid debit card issuer Green Dot $44 million, accusing it of violating consumer protection law through several unfair and deceptive practices and maintaining a "deficient" consumer compliance risk management program....

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