Friday, August 21, 2020

TD Bank fined $122M by U.S. consumer regulator for pushy tactics selling overdraft service

CANADA-BANKING/

Toronto-Dominion Bank has agreed to pay back $97 million US to 1.4 million of its U.S. customers for deceptive marketing tactics to sell them an overdraft service the bank claimed was a free perk but in reality was not. In addition to restitution to customers, the bank will pay a penalty of $25 million.



source https://www.cbc.ca/news/business/td-bank-overdraft-fee-1.5695330?cmp=rss

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