TD Bank must repay customers after the Consumer Financial Protection Bureau found the company shared inaccurate information with reporting companies.
NBC10 Responds reminds everyone to check credit reports regularly after the Consumer Financial Protection Bureau found TD Bank shared inaccurate information with consumer reporting companiesThe Consumer Financial Protection Bureau has ordered TD Bank to pay $7.76 million to tens of thousands of victims of the bank’s illegal actions.
The agency said that these kinds of reports -- including credit reports, employment screening reports, tenant screening reports, and other background reports -- are often used by financial institutions, employers, and landlords, among others, to decide whether to extend credit, housing, or employment to a consumer.
After the bank realized it was botching its reporting to consumer reporting companies, it took far too long to correct many of its errors, according to the CFPB.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TD Bank must pay nearly $30 million after sharing ‘inaccurate, negative information' about customersTD Bank must repay customers after the Consumer Financial Protection Bureau found the company shared inaccurate information with reporting companies.
Read more »
TD Bank must pay nearly $30 million after sharing ‘inaccurate, negative information' about customersTD Bank must repay customers after the Consumer Financial Protection Bureau found the company shared inaccurate information with reporting companies.
Read more »
TD Bank must pay nearly $30 million after sharing ‘inaccurate, negative information' about customersTD Bank must repay customers after the Consumer Financial Protection Bureau found the company shared inaccurate information with reporting companies.
Read more »
TD Bank must pay nearly $30 million after sharing ‘inaccurate, negative information' about customersTD Bank must repay customers after the Consumer Financial Protection Bureau found the company shared inaccurate information with reporting companies.
Read more »
TD Bank must pay nearly $30 million after sharing ‘inaccurate, negative information' about customersTD Bank must repay customers after the Consumer Financial Protection Bureau found the company shared inaccurate information with reporting companies.
Read more »
TD Bank must pay nearly $30 million after sharing ‘inaccurate, negative information' about customersTD Bank must repay customers after the Consumer Financial Protection Bureau found the company shared inaccurate information with reporting companies.
Read more »