Connect to share and comment

RBS Citizens, Pennsylvania affiliate pay $13.9M to settle US claims of deceiving on overdrafts

WASHINGTON - RBS Citizens and its affiliate Citizens Bank of Pennsylvania have agreed to pay a combined $13.9 million to settle U.S. regulators' claims they deceived customers about overdrafts and other services. Regulators say the banks are paying $10 million in civil fines and $3.9 million in restitution to customers harmed by inaccurate information. The deal was announced Tuesday by the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency. The banks neither admitted nor denied wrongdoing.
Syndicate content