Watchdog slams U.S. Bank for consumer rip-off: "U.S. Bank will pay $57 million in consumer relief and penalties for unfairly charging more than 420,000 customers for identity protection and credit-monitoring services they never received, a federal regulator said Thursday.
The Minneapolis-based bank sold the "Privacy Guard" and "Identity Secure" services as add-on products for credit cards and other bank products from at least 2003 through January 2012, according to a consent order issued by the Consumer Financial Protection Bureau.
The programs, administered by the bank's third-party vendor, Affinion, required written authorization from customers before the services could begin"
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Thursday, September 25, 2014
Watchdog slams U.S. Bank for consumer rip-off
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