---
schema_version: "secwatch.filing_event.v1"
accession: "0001386278-24-000037"
form_type: "8-K"
ticker: "GDOT"
cik: "0001386278"
company_name: "GREEN DOT CORP"
filed_at: "2024-07-19T23:59:59+00:00"
generated_at: "2026-05-31T19:00:11.828677+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Green Dot hit with Fed consent order, $44M civil penalty over compliance failures

## Summary
- Federal Reserve consent order addresses consumer compliance and AML deficiencies at Green Dot Bank and Corporation.
- Civil money penalty of $44 million assessed; must be paid upon execution of order.
- Findings include deceptive practices on zero-balance account fees, phone registration, account blocks, and tax refund fees.
- Order requires revised BSA/AML program, independent transaction review, and enhanced consumer compliance risk management plan.
- Green Dot must appoint a qualified compliance officer with full autonomy and adequate resources.

## SEC filing metadata
- accession: 0001386278-24-000037
- form_type: 8-K
- ticker: GDOT
- cik: 0001386278
- company_name: GREEN DOT CORP
- filed_at: 2024-07-19T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1386278/000138627824000037/0001386278-24-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1386278/000138627824000037/gdot-20240719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001386278-24-000037
- JSON: https://secwatch.observer/filing/0001386278-24-000037.json
- Plain text: https://secwatch.observer/filing/0001386278-24-000037.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.