Skip to content

Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

Click Now!


M&T Bank to refund $2.9M for deceptive ads

The Consumer Financial Protection Bureau has announced that a Consent Order has been issued against M&T Bank, Buffalo, New York, for deceptively advertising free checking accounts. The CFPB found that M&T lured in consumers with promises of "no strings attached" free checking, without disclosing key eligibility requirements. When consumers failed to meet the requirements, they were automatically switched to checking accounts with fees. M&T will provide $2.9 million in refunds to the consumers deceived into paying fees and will pay a $200,000 penalty for the violations.
 

Filed under: 

Training View All

Penalties View All

Search Top Stories