CFPB Takes Action Against Fifth Third for Wrongfully Triggering Auto Repossessions and Opening Fake Bank Accounts Bank will pay consumer redress and is banned from using sales quotas that spawn fraud

News Financial services English Sanctions & Fines

Date: 9th Jul, 2024 Source: Consumer Financial Protection Bureau Country: USA Original Source

Brief

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today took action against repeat offender Fifth Third Bank for a range of illegal activities that would result in the bank paying $20 million in penalties in addition to paying redress to approximately 35,000 harmed consumers, including about 1,000 who had their cars repossessed. Specifically, the

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Consumer Financial Protection Bureau

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CFPB Takes Action Against Fifth Third for Wrongfully Triggering Auto Repossessions and Opening Fake Bank Accounts Bank will pay consumer redress and is banned from using sales quotas that spawn fraud

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CFPB Takes Action Against Fifth Third for Wrongfully Triggering Auto Repossessions and Opening Fake Bank Accounts Bank will pay consumer redress and is banned from using sales quotas that spawn fraud

Brief

Consumer Financial Protection Bureau

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