USAA will fork over more than $12 million to service members, retirees and veteran account holders as a result of a recent settlement with the Consumer Financial Protection Bureau, Military Times' Karen Jowers reported on Jan. 3.
The Consumer Financial Protection Bureau alleged that USAA "failed to properly resolve errors; failed to honor members' requests to stop preauthorized payments through Electronic Fund Transfers; and that it reopened accounts without members' authorization and without notifying them," according to Military Times.
The result of which is that the bank will pay $181.59 to each of the 66,240 USAA account holders who were "denied a reasonable investigation of the error they reported" to USAA, the Times reported.
The Consumer Financial Protection Bureau found that "on numerous occasions, USAA representatives refused to investigate errors because they concerned payday loans," according to a consent order from the settlement. USAA did not admit or deny the allegations.
Additionally, the San Antonio, Texas-based bank was slapped with a $3.5 million fine, which it will have to pay to the Consumer Financial Protection Bureau, reports American Banker.
That said, the bank has been taking steps to repay members, with a spokesman telling Military Times that "USAA has been proactively addressing these issues for more than a year and most are resolved," and that in 2017 the bank "began providing restitution payments to some affected members, and improved our procedures."
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President Donald Trump's personal attorney, Marc Mukasey, 51, and longtime Trump associate Bernard Kerik, 63, a former New York City police commissioner, have joined Gallagher's defense team in recent months, both men told Task & Purpose on Wednesday.
Meanwhile, in response to a question from a reporter after a motions hearing, lead defense attorney Tim Parlatore confirmed that he had previously represented Pete Hegseth, the conservative Fox News personality who has been privately lobbying Trump since January to pardon Gallagher, according to The Daily Beast.
(Reuters) - John Walker Lindh, the American captured in Afghanistan in 2001 fighting for the Taliban, was released early from federal prison on Thursday, the Washington Post reported, citing Lindh's lawyer.
Lindh, who was 20 years old when he was captured, left prison in Terre Haute, Indiana, on probation after serving 17 years of a 20-year sentence, the newspaper said.
Now 38, Lindh is among dozens of prisoners to be released over the next few years after being captured in Iraq and Afghanistan and convicted of terrorism-related crimes following the attacks on the United States by al Qaeda on Sept. 11, 2001.
(U.S. Navy photo by Mass Communication Specialist 1st Class Brian M. Wilbur.)
Defense officials will brief President Donald Trump's national security team on a plan that involves sending 5,000 more troops to the Middle East to deter Iran, Task & Purpose has learned.
So far, no decisions have been made about whether to send the reinforcements to the region, unnamed U.S. officials told CNN's Barbara Starr.
"The military capabilities being discussed include sending additional ballistic missile defense systems, Tomahawk cruise missiles on submarines, and surface ships with land attack capabilities for striking at a long range," CNN reports. "Specific weapons systems and units have not been identified."
Dashcam footage from a freeway commuter shows the moment a pilot ejected from an F-16 military jet last week, releasing a parachute before the aircraft slammed into a Riverside County, California warehouse.
Several members of the Marine Corps' famous Silent Drill Platoon were kicked out of the service or punished by their command after someone reported witnessing them using a training rifle to strike someone.
Three Marines have been discharged in the last 60 days and two others lost a rank after the Naval Criminal Investigative Service began looking into hazing allegations inside the revered unit that performs at public events around the world.