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Ventra Prepaid Banking Partner Has Long History of Legal Difficulty
Beyond the every day dilemmas plaguing the Ventra rollout lies a possibly more troubling fact: The banking partner plumped for included in the Ventra program seemingly have a lengthy reputation for appropriate dilemmas associated with previous participation in prepaid debit schemes as well as other tasks.
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. Some of those issues are associated with issues such as for instance fraud, participating in misleading business techniques when you look at the lending that is subprime and in addition directly linked to running a prepaid debit card system similar to Ventra.
A brief review publicly-available legal history shows:
As well, just exactly what oversight existed throughout the development regarding the whole Ventra system?
In the event that Chicago City Council chooses to go on and hold hearings over issues with the rollout regarding the Ventra system, as some aldermen might like to do, thereвЂ™s apt to be an entire a number of concerns the council people can ask of officials they call to testify.
HereвЂ™s another great place to start.
To some extent One of Ward RoomвЂ™s series on possible City Council hearings on Ventra dilemmas, we looked over the reasoned explanations why CTA entered as a partnership with private organizations for Ventra. In Part Two, we examined means VentraвЂ™s banking partner might be profiting from charges.