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Violation Tracker Individual Record

Company: Rapid Investments Inc.
Penalty: $5,500,000
Year: 2023
Date: December 19, 2023
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Rapid Investments Inc. and Cache Valley Bank together agreed to pay $11 million to settle litigation brought by formerly incarcerated persons who alleged they had been forced to pay unreasonable fees on debit cards they were required to purchase to replace cash confiscated from them when they were taken into custody. The agreement did not specify how much each company would pay. Here we assume they each paid half of the total.
Level of Government: federal
Action Type: private litigation
Court: Western District of Washington
Civil or Criminal Case: civil
Case ID: 3:17-cv-05848
Case Name: Reichert v. Keefe Commissary Network LLC, et al
Private Lawsuit Resolution Type: settlement
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (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.