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Fifth Third pays $20 million to resolve fake account and wrongful auto repossession charges
The $15 million payment resolves a March 2020 lawsuit by the CFTC against Fifth Third for ”creating fake customer accounts and using a ‘cross-sell’ strategy to increase the number of ...
USA Today18d
Fifth Third Bank fined $20M for opening fake accounts, wrongfully triggering auto repossessions
The Consumer Financial Protection Bureau said the bank must also pay redress to 35,000 consumers harmed by the issues, including 1,000 of whom had their cars repossessed. (Scripps News) ...
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Regulator fines Fifth Third $20M for 'illegal' insurance, fake accounts
This article originally appeared on Cincinnati Enquirer: Regulator fines Fifth Third $20M for 'illegal' insurance, fake accounts ...