Report: #1366767

Complaint Review: Netspend prepaid card Netspend lawsuit settled rip-off behavior $10 million in refunds to consumers Netspend prepaid card - internet

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  • Reported By: Rachel — Marbury Alabama USA
  • Author Not Confirmed What's this?
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  • Netspend prepaid card Netspend lawsuit settled rip-off behavior $10 million in refunds to consumers Netspend prepaid card internet USA

Netspend prepaid card Internet

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A settlement reached between the Federal Trade Commission (FTC) and NetSpend, will allow the federal government to issue more than $10 million in refunds to NetSpend customers.  Recent FTC Cases Resulting in Refunds

The FTC enforces consumer protection laws to stop illegal business practices and get refunds to people who lost money. This list includes recent FTC cases that resulted in refunds. If you’d like information about how the FTC’s refund programs work, take a look at the Office of Claims and Refunds Annual Report.

FTC says NetSpend decked consumers with deceptive claims for prepaid debit cards
From the perspective of consumers, the whole purpose of prepaid debit cards – their reason for living, if you will – is to give consumers immediate access to their money. Those cards are an especially important financial lifeline for people who don’t have traditional bank accounts. In pitching its reloadable prepaid cards, NetSpend Corporation promised consumers “immediate access” to their funds with “no holds, no waiting.” But according to an FTC complaint, the defendants’ business practices rendered that claim and other representations deceptive.

There are over 500 complaints on Ripoff Reports about NetSpend similar to the Ripoff Report below



I put 31.00 in gas, got home and realized that I was charged 99.00. I returned to store only to be told that it was just a standard credit check. Not to worry I would be refunded. They are full of s---! . I haven't been refunded my money and it's been two months!

This report was posted on Ripoff Report on 04/09/2017 12:31 PM and is a permanent record located here: https://www.ripoffreport.com/reports/netspend-prepaid-card-netspend-lawsuit-settled-rip-off-behavior-10-million-in-refunds-to-consumers-netspend-prepaid-card/internet/netspend-prepaid-card-internet-1366767. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 UPDATE Employee

Please Reach Out

AUTHOR: NetSpend Corporation - (USA)

POSTED: Friday, April 14, 2017


We are sorry to hear about your experience. We will never perform a credit check on your account. As these reviews are anonymous, could you please send over some account information and this review social@netspend.com? This will enable us to locate your account and assist you.



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