CFPB Fines Payment Processor $25M Over 2021 'Fiasco'
By Jon Hill ( June 27, 2023, 12:38 PM EDT) -- The Consumer Financial Protection Bureau said Tuesday that payment processor ACI Worldwide Corp. has agreed to pay a $25 million fine over a 2021 testing error that resulted in the inadvertent initiation of more than $2 billion in debit transactions from mortgage borrowers' bank accounts....
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