CFPB slaps TD Bank with $28M fine for consumer protection violations

[Mejappz]

It's just another for the bankers.

TD Bank ordered to pay nearly US$28M over reporting false credit info - National | Globalnews.ca

The Consumer Financial Protection Bureau in the U.S. said that since 2015, TD provided wrong information about consumers' personal bankruptcies, credit card delinquencies and more.

globalnews.ca

 

[George Hatch]

$28M fine for credit info and $0 for AMC abuses

 

[Zoe]

$28M fine for credit info and $0 for AMC abuses

I have a feeling CFPB may be working behind the scenes in that area. The main reason I say that is because of who Chopra went after the most in the appraisal bias hearings. If you watch those hearings enough, Chopra was not real hard on Jonathon Miller, however, Chopra was hard on some other people.

Plus CFPB has probably received tons of comments from different market participants.

 

[Mejappz]

Add money laundering to TD Banks' list of scandals.

5 Things to Know About the Record-Setting TD Bank Money Laundering Settlement

The TD Bank settlement is a historic event in many ways, including penalties from three different government entities. Read on to learn five high-value facts about the scandal.

www.newsweek.com