The refunds are primarily a result of some credit card accounts that may have been incorrectly charged a fee for exceeding the credit limit and/or incorrectly charged higher insurance premiums on optional creditor insurance.

The issues have been corrected. We’ve worked with an independent firm to validate the refund amounts, including interest. The average refund amount is about $50.

We’ll be refunding clients from July until October 2018. Most of our current credit card clients will automatically receive a credit by August 2018.