CFPB Says TD Bank Gave Inaccurate Information to Consumer Reporting Agencies
Dominion Bank(TD) PYMNTS.com·2024-09-12 00:08
The Consumer Financial Protection Bureau (CFPB) ordered TD Bank to pay about $28 million in redress and penalties, saying the bank provided consumer reporting agencies with information about its customers that was inaccurate and negative. A CFPB investigation determined that TD Bank repeatedly gave these agencies inaccurate information, gave them information it knew or suspected was fraudulent, and failed to conduct proper investigations when customers or consumer reporting agencies submitted disputes, the ...