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    Home»Tech & Industry News»Green Dot (GDOT) Fined by Fed Over Prepaid Debit Cards
    Tech & Industry News

    Green Dot (GDOT) Fined by Fed Over Prepaid Debit Cards

    adminBy adminJuly 20, 2024No Comments1 Min Read0 Views
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    The Federal Reserve fined Green Dot Corp. $44 million over the firm’s handling of prepaid debit cards and tax preparation payment services. The stock fell as much as 6.1%.

    Green Dot broke consumer laws with its marketing, selling and servicing of prepaid debit card products, as well as with its offering of tax return preparation payment services, the central bank said in a statement Friday.

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