![]() The Capitol Forum also has reported how TD Bank (TD) wrongly opened customer accounts and Trump administration regulators declined to penalize the lender. Bank settled its fake account case with the regulator when the nation’s fifth-largest lender agreed to pay a $37.5 million fine for past abuses. The agency has an open investigation into similar allegations against Bank of America, while last month U.S. ![]() The CFPB discovered the allegedly fake accounts at Chase, the nation’s largest bank, soon after Wells Fargo in September 2016 admitted that it routinely opened fake accounts in a settlement that became a national scandal. ![]() ![]() JPMorgan Chase Bank (JPM) avoided public sanctions during the Trump administration for allegedly creating fake accounts when the Consumer Financial Protection Bureau (CFPB) opted to quietly close the matter instead, according to sources familiar with the matter, adding yet another major institution to a list of those accused of opening accounts without customer consent. ![]()
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