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CFPB cites Atlantic Union Bank for ‘deceptive’ overdraft practices
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Banking, Consumer Protection
Tuesday, December 12, 2023
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The
Consumer Financial Protection Bureau recently issued an enforcement action
against Atlantic Union Bank, ordering the company to pay $6.2 million to settle
accusations of “overdraft fee harvesting.” The bank did so by allegedly enrolling
thousands of customers into checking account overdraft programs without their affirmative
consent.
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