TD Bank to pay $122M over ‘deceptive’ overdrafts in CFPB settlement

TD Bank will pay a $25 million fine and $97 million in restitution to more than 1.4 million customers, as a result of a settlement with the Consumer Financial Protection Bureau (CFPB) over “deceptive” overdraft enrollment practices that took place from 2014 to 2018, the bureau said Thursday.

https://www.bankingdive.com/news/td-bank-to-pay-122m-over-deceptive-overdrafts-in-cfpb-settlement/584005/