Fintech bullies stole your kid's lunch money

Three companies control the market for school lunch payments.

They take as much as 60 cents out of every dollar poor kids' parents put into the system
-- to the tune of $100m/year.

They're literally stealing poor kids' lunch money.

In its latest report, the Consumer Finance Protection Bureau describes this scam in eye-watering, blood-boiling detail:
https://files.consumerfinance.gov/f/documents/cfpb_costs-of-electronic-payment-in-k-12-schools-issue-spotlight_2024-07.pdf
-- @pluralistic