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Violation Tracker Individual Record

Company: iStream Financial Services
Penalty: $2,300,000
Year: 2022
Date: March 10, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: A payment processing company that allegedly helped a bogus discount club scheme debit tens of millions of dollars from consumers without authorization will berequired to pay$2.3 million and face a permanent ban from working with high-risk clients as a result of a Federal Trade Commission lawsuit.
Level of Government: federal
Action Type: agency action
Agency: Federal Trade Commission
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.