Billion-Dollar Bank To Pay $20,000,000 Fine After Hitting Customers With ‘Illegal, Worthless Fees’ and Illegally Triggering Asset Seizures: CFPB

The Consumer Financial Protection Bureau (CFPB) is penalizing a US bank for predatory loan practices and illegal repossession of people’s assets. The CFPB says that Fifth Third Bank harmed 35,000 customers, including roughly 1,000 people who had their cars repossessed. According to the agency, the bank forced customers who already had car insurance to pay […] source: https://dailyhodl.com/2024/07/14/billion-dollar-bank-to-pay-20000000-fine-after-hitting-customers-with-illegal-worthless-fees-and-illegally-triggering-asset-seizures-cfpb/