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TD Bank ordered by US regulator to pay $28 mln over consumer credit reports
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TD Bank ordered by US regulator to pay $28 mln over consumer credit reports
Sep 11, 2024 10:14 AM

Sept 11 (Reuters) - TD Bank was ordered by a

U.S. regulator on Wednesday to pay nearly $28 million for

repeatedly sharing inaccurate, negative information about

customers with credit reporting agencies, potentially tarnishing

customers' credit reports.

The Consumer Financial Protection Bureau said the payout

includes a $20 million civil fine, plus $7.76 million of

restitution to tens of thousands of customers affected by the

breakdowns.

(Reporting by Jonathan Stempel in New York)

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