TD Bank Fined $28M for Data Mishandling! #shorts #trending#bank

Published: Sep 12, 2024 Duration: 00:01:00 Category: News & Politics

Trending searches: td bank fined
breaking news TD Bank faces a major penalty let's dive in the Consumer Financial Protection Bureau has fined TD Bank $28 million for mishandling customer data the bank shared inaccurate and negative information with consumer reporting agencies impacting thousands of customers these inaccuracies included errors in credit card delinquencies and bankruptcies severely affecting customers ability to secure credit housing and even employment the cfpb found that TD Banks actions violated both the Fair Credit Reporting Act and the Consumer Financial Protection act even more troubling the cfpb alleges that TD Bank knew about these issues but continued to share faulty information they also failed to adequately address customer disputes about the inaccuracies in response TD Bank stated they've identified and addressed the issues and cooperated with the cfpb they claim they are committed to fulfilling their responsibilities to their customers according to

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