July 9 (Reuters) – Fifth Third Bancorp (FITB.O), opens new tab will pay $20 million in civil fines and offer redress to 35,000 harmed consumers to settle U.S. Consumer Financial Protection Bureau charges it opened unauthorized accounts and illegally repossessed their cars.
The Cincinnati-based lender, which has about $215 billion of assets and 1,070 branches mainly in Midwestern and Southeastern U.S. states, did not admit or deny wrongdoing in agreeing to the two settlements announced by the CFPB on Tuesday.
Source: REUTER
