NASDAQFITB

CFPB orders Fifth Third Bank to pay $20M for car insurance, fake accounts (NASDAQ:FITB)

Joe Hendrickson/iStock Editorial via Getty Images The Consumer Financial Protection Bureau ordered Fifth Third Bank (NASDAQ:FITB) to pay $20M in penalties in addition to compensating ~35,000 harmed consumers, including ~1,000 who had their cars repossessed, for a range of alleged illegal practices, the regulator said on Tuesday. Fifth Third (FITB)Continue Reading

Fifth Third Bancorp says preliminary stress capital buffer 3.2% (NASDAQ:FITB)

In: Finance

Fifth Third Bancorp (NASDAQ:FITB) said on Friday its preliminary stress capital buffer under the Federal Reserve’s severely adverse scenario is 3.2%, effective October 1. Fifth Third’s said its Common Equity Tier 1 (“CET1”) ratio at March 31, of 10.5% significantly exceeds the regulatory minimum of 4.5% plus the stress capitalContinue Reading

CFPB orders Fifth Third Bank to pay $20M for car insurance, fake accounts (NASDAQ:FITB)

Fifth Third Bancorp says preliminary stress capital buffer 3.2% (NASDAQ:FITB)

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