Prof. Cox Interviewed by NPR Marketplace and KARE 11 on U.S. Bank Being Fined for Charging Customers for Anti-Theft Services They Didn't Receive

Professor Prentiss Cox was quoted in a story on National Public Radio's Marketplace about a recent enforcement action by the U.S. Consumer Financial Protection Bureau (CFPB). The defendant in the enforcement action was U.S. Bank. The CFPB alleged that the bank had improperly charged customer credit card and bank accounts for "add-on" fraud prevention and other services. Cox noted the irony that deceptive sales practices often have been alleged in the sale of these types of services. Cox also appeared on KARE 11 regarding the same CFPB case, and he stated that U.S. Bank should have been aware of the problems with this type of product because it had been sued by the Minnesota Attorney General's Office in 1999 regarding similar sales practices and products. Cox serves on a CFPB advisory board.