CFPB Fines FNBO $32M Over ‘Illegal’ Credit Card Practices
PYMNTS
AUGUST 26, 2016
The CFPB will collect more than $32 million in fines from First National Bank of Omaha over credit card practices the regulator found to be deceptive. The bank has $18 billion in assets, is based in Omaha, NE, and is a unit of First National of Nebraska Inc. Credit card extras are a particular favorite target for the CFPB.
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