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Botched online banking system rollout costs credit union $1.5 million in penalties
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Banking, Consumer Protection, Emerging Technology
Tuesday, November 5, 2024
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VyStar Credit Union will pay $1.5 million to redress consumers harmed by the botched rollout of its online banking system. The charges stem from a coordinated supervisory effort between the Consumer Financial Protection Bureau and the National Credit Union Administration to uncover issues with the system and the consequences.
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