Despite being aware of the hundreds of thousands of fraudulent or suspicious deposit account openings in January 2022, TD Bank continued sending information regarding such accounts to consumer reporting agencies without investigating if they were owned by their customers until April 2023, alleged the CFPB.
Article Link: TD Bank hit with $28M penalty over misreported customer data | SC Media
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Despite being aware of the hundreds of thousands of fraudulent or suspicious deposit account openings in January 2022, TD Bank continued sending information regarding such accounts to consumer reporting agencies without investigating if they were owned by their customers until April 2023, alleged the CFPB.
Article Link: TD Bank hit with $28M penalty over misreported customer data | SC Media
1 post – 1 participant
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