CFPB Director Comments on TCF Bank Enforcement Action Press Call
January 19, 2017
January 19, 2017
WASHINGTON, Jan. 19 -- The Consumer Financial Protection Bureau issued the text of the following remarks by Director Richard Cordray on the TCF Bank enforcement action press call:
"Thank you for joining the call. Today, we are suing TCF National Bank for tricking consumers to opt in for costly overdraft services. We believe TCF trained its employees to use unlawful tactics in their marketing to consumers. They made overdraft seem mandatory when it was not. They obscured infor . . .
"Thank you for joining the call. Today, we are suing TCF National Bank for tricking consumers to opt in for costly overdraft services. We believe TCF trained its employees to use unlawful tactics in their marketing to consumers. They made overdraft seem mandatory when it was not. They obscured infor . . .