The Consumer Financial Protection Bureau (CFPB) said it has been working with Bilt Rewards to address consumer issues that arose during the company’s transition to a new banking partner, opting for a collaborative approach rather than a formal enforcement action.

According to a statement from the agency on June 2, agency officials met with Bilt to review problems related to its transition away from Wells Fargo.

After evaluating the transition and the company’s efforts to compensate affected customers, the bureau said it directed Bilt to provide full redress to consumers who incurred financial harm as a result of the details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com