January 16, 2018 / 10:56 PM / 6 months ago

Minnesota bank, card company sued over ex-inmate debit cards

Minnesota community bank Sunrise Banks and prepaid card company JPay have been hit with a proposed class action accusing them of forcing thousands of prison inmates nationwide to accept high-fee debit cards to receive their own money when they are released.

Filed on Friday in Los Angeles federal court, the lawsuit accused the defendants of “unconscionable profiteering and self-dealing” by forcing the cards on financially unsophisticated ex-inmates. The cards are rife with unreasonable fees, including a $3 monthly maintenance fee and a $9.95 fee to cancel the card and receive money with a check or money order, the lawsuit said.

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2EPu4ax

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below