[1/2] Signage is seen at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., May 14, 2021.
REUTERS/Andrew KellyJune 27 (Reuters) - The top U.S. consumer finance watchdog on Tuesday said it had fined the Nebraska payment processor ACI Worldwide (ACIW.O) $25 million for improperly processing more than $2 billion in mortgage payment transactions without customer authorization.
ACI Worldwide consented to the CFPB order without admitting or denying responsibility.
According to the CFPB, during a test of the payments platform in April 2021, ACI improperly used actual consumer data, rather than dummy data, which illegally initiated more than $2.3 billion in payments.
Reporting by Douglas Gillison; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
Persons:
Andrew Kelly, Cooper, Rohit Chopra, Douglas Gillison, Chizu
Organizations:
Consumer Financial Protection Bureau, Washington , D.C, REUTERS, Mr, Consumer Financial, Bureau, ACI, Thomson
Locations:
Washington ,, Nebraska