Tuesday, July 9, 2024

Fifth Third Bank settles CFPB forced auto loan insurance case for $5M

Fifth Third Bank settles CFPB forced auto loan insurance case for $5M https://ift.tt/cm9pQZt

Fifth Third Bank has agreed to pay restitution to auto borrowers and a $5 million civil penalty to settle Consumer Financial Protection Bureau allegations it mishandled the "force-placed insurance" it applied to thousands of customer cars, the agency said.

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