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CoinOtag 2024-07-14 17:01:53

Fifth Third Bank Fined $20M by CFPB for Predatory Practices and Fake Accounts Scheme

Fifth Third Bank faces penalties for unethical loan practices and unauthorized repossessions. The Consumer Financial Protection Bureau (CFPB) is taking action against the bank for unfair treatment of 35,000 customers. CFPB Director Rohit Chopra condemns the bank’s actions, highlighting that nearly 1,000 families lost their vehicles due to predatory practices. Fifth Third Bank faces substantial

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