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CFPB Sues TCF National Bank for Tricking Consumers Into Costly Overdraft Service
January 19, 2017
WASHINGTON, Jan. 19 -- The Consumer Financial Protection Bureau issued the following news release:

Today the Consumer Financial Protection Bureau (CFPB) is suing TCF National Bank for tricking consumers into costly overdraft services. Banks cannot charge overdraft fees on one-time debit purchases and ATM withdrawals without a consumer's consent. The Bureau alleges that TCF designed its application process to obscure the fees and make overdraft seem mandatory for new customers to o . . .

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