Get Task & Purpose in your inbox
More Than 66,000 USAA Members Will Get $181 From The Bank Over Alleged Account Errors
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."
WATCH NEXT: President Trump Attempts To Explain USSR-Afghanistan History
A group of vets are raising money to pay for a medal the Iraqi government awarded them, but never delivered
In June 2011 Iraq's defense minister announced that U.S. troops who had deployed to the country would receive the Iraq Commitment Medal in recognition of their service. Eight years later, millions of qualified veterans have yet to receive it.
The reason: The Iraqi government has so far failed to provide the medals to the Department of Defense for approval and distribution.
A small group of veterans hopes to change that.
For a cool $8.5 million, you could be the proud owner of a "fully functioning" F-16 A/B Fighting Falcon fighter jet that a South Florida company acquired from Jordan.
The combat aircraft, which can hit a top speed of 1,357 mph at 40,000 feet, isn't showroom new — it was built in 1980. But it still has a max range of 2,400 miles and an initial climb rate of 62,000 feet per minute and remains militarized, according to The Drive, an automotive website that also covers defense topics, WBDO News 96.5 reported Wednesday.
A doctor who treated accident victims has a radioactive isotope in his body. Russia says it came from his diet
MOSCOW (Reuters) - Russian authorities said on Friday that a doctor who treated those injured in a mysterious accident this month had the radioactive isotope Caesium-137 in his body, but said it was probably put there by his diet.
The deadly accident at a military site in northern Russia took place on Aug. 8 and caused a brief spurt of radiation. Russian President Vladimir Putin later said it occurred during testing of what he called promising new weapons systems.
Groundwater at the Air Force Academy is contaminated with the same toxic chemicals polluting a southern El Paso County aquifer, expanding a problem that has cost tens of millions of dollars to address in the Pikes Peak region.
Plans are underway to begin testing drinking water wells south of the academy in the Woodmen Valley area after unsafe levels of the chemicals were found at four locations on base, the academy said Thursday.