🚗 Fifth Third Bank settles CFPB forced auto loan insurance case for $5M 🏦 #financialnews #bankinginfo
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.
https://www.autonews.com/finance-insurance/fifth-third-settles-cfpb-forced-car-loan-insurance-case-5m