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Fifth Third gets ‘one-two’ actions from CFPB
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Case Law, Consumer Protection
Tuesday, October 6, 2015
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The Consumer Financial Protection Bureau issued two enforcement actions, one along with the Department of Justice, against Fifth Third Bank for alleged fair lending practices with indirect auto lending and for alleged deceptive advertisements regarding credit card add-ons. Read on for more details of what Fifth Third did and why the bureau found those actions to violate the Dodd-Frank Act’s prohibition of deceptive acts or practices.
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