Servicemembers win $3.1M relief over hidden fees

April 20, 2015 8:44 PM

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One of the largest U.S. processors of bill payments by military servicemembers will pay nearly $3.1 million in consumer relief after a review found the firm charged millions of dollars in hidden fees.

Kentucky-based Military Assistance Company and its parent firm, Fort Knox National Co., will repay soldiers, sailors, Marines and other servicemembers who were harmed, the Consumer Financial Protection Bureau said Monday.

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