July 9 (Reuters) - Fifth Third Bancorp ( FITB ) will pay

$20 million in penalties and offer redress to about 35,000

harmed consumers to settle U.S. regulatory charges it wrongfully

triggered auto repossessions and opened fake bank accounts.

The U.S. Consumer Financial Protection Bureau said on

Tuesday that a proposed court order would also ban

Cincinnati-based Fifth Third from setting sales goals that give

employees incentives to fraudulently open accounts.

(Reporting by Jonathan Stempel in New York;)