TD Bank To Pay $122M In CFPB Overdraft Settlement

By Al Barbarino ( August 20, 2020, 7:12 PM EDT) -- TD Bank must pay $122 million to settle Consumer Financial Protection Bureau allegations that it charged customers illegal fees by not obtaining appropriate consent for a debit card overdraft service it offers, and in some cases engaged in "deceptive and abusive" tactics during the enrollment process, the regulator announced Thursday. ...

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