CFPB fines TD Bank nearly $28M over inaccurate information impacting consumer credit reports
Last week, the Consumer Financial Protection Bureau (CFPB) levied some harsh allegations and nearly $28 million in fines and penalties against TD Bank. The regulator said the bank “repeatedly” shared inaccurate,
CFPB slaps TD Bank with $28M fine for consumer protection violations
The Consumer Financial Protection Bureau (CFPB) has ordered TD Bank to pay $28 million for illegal actions that could tarnish consumer credit reports and for not taking timely action to correct its errors.
TD Bank to pay $28 million for sharing inaccurate consumer data
The information included personal bankruptcies and credit card delinquencies as well as bank accounts that “TD Bank knew or suspected were fraudulently opened.”
TD Bank ordered to pay $28 mln by US CFPB for misreporting consumer credit data
TD Bank was ordered by a U.S. regulator on Wednesday to pay nearly $28 million for repeatedly sharing inaccurate, negative information about its customers with credit reporting agencies, potentially tarnishing customers' credit scores.
TD Bank Fined $28 Million for Sharing Inaccurate Information About Its Customers
TD Bank was ordered to pay almost $28 million to the Consumer Financial Protection Bureau (CFPB) for sharing inaccurate information about its customers that could have threatened
U.S. regulator orders TD Bank to pay $28M US over consumer credit reports
TD Bank was ordered by a U.S. regulator on Wednesday to pay nearly $28 million US for repeatedly sharing inaccurate, negative information about its customers with credit reporting agencies, potentially tarnishing customers' credit score.
U.S. consumer protection agency orders TD Bank to pay US$28M
The U.S. Consumer Financial Protection Bureau ordered TD Bank (TSX:TD; NYSE:TD) to pay US$28 million in compensation and fines. ・CFPB punished Toronto-Dominion Bank for filing inaccurate and negative consumer reports about its customers.
U.S. regulator fines TD Bank US$28M for faulty consumer reports
The U.S. Consumer Financial Protection Bureau has ordered TD Bank Group to pay US$28 million for repeatedly sharing inaccurate, negative information about its customers in the latest reprimand of the bank by regulators.
Student-loan borrowers are getting $100 million in payments after being 'cheated' out of lower bills by a major lender, a federal consumer watchdog says
Student-loan company Navient is barred from servicing federal loans in a settlement it reached with the CFPB over claims it ...
CBS News2mon
Consumer Financial Protection Bureau
The Supreme Court rejected an effort Thursday to undermine the power of the Consumer Financial Protection Bureau. The agency was created after the 2008 financial crisis to protect consumers ...
Lawmakers demand an end to ‘sham’ transaction fees that are adding to the cost of school lunches
The fees can add up. Families whose incomes are 130% to 185% of the poverty level, making them eligible for reduced-price ...
What the Fed Rate Cut Will Mean for Five Areas of Your Financial Life
Here’s what lowered interest rates will mean for your car loans, credit cards, mortgages, savings and student loans.
American Banker13d
CFPB faults non-profit hospitals, landlords in report on consumer debt
The Consumer Financial Protection Bureau said some non-profit hospitals are failing to provide assistance to low-income ...
Consumer Advocates Against Reverse Mortgage Abuse (CAARMA)
This nonprofit looks to reform reverse mortgages in the U.S. by reducing foreclosures and making the Mutual Mortgage ...
Cyprus Mail3h
Financial literacy key to stronger household finances, experts say
Financial literacy and robust regulation are essential to strengthening household financial behaviour, according to a number ...
JD Supra9d
The Consumer Financial Protection Bureau Proposes New Rule for Automated Valuation Models
The Consumer Financial Protection Bureau (CFPB) has proposed a new rule that could impact lenders using forms of artificial ...
CBS News2mon
Consumer Financial Protection Bureau
Officials said an extensive survey across 20 counties detected the invasive insect in Wayne County. Additional populations were detected in Monroe and Oakland counties. Nearly 900 volunteers from ...