Toronto Dominion Bank to Pay $28M Penalty for Credit Reporting Issues
TDDominion Bank(TD) ZACKS·2024-09-13 00:26

The Toronto-Dominion Bank (TD) has agreed to pay a $28 million penalty in response to the Consumer Financial Protection Bureau (CFPB) order concerning credit reporting issues. The bank has been accused of mishandling customers’ credit information and failing to make necessary amendments to its practices.Allegations Against TDTD signed a consent agreement with the CFPB on Wednesday admitting that it provided false information to consumer reporting companies, at times intentionally, and acknowledging its shor ...