TD Bank Class Lawsuit
The CFPB fined TD Bank for in accurate credit reporting which tarnished the credit reports of select customers. The fine was $20m in penalties, plus $8m to tens of thousands of victims of the bank’s illegal actions.
Per this pdf, the payment will be $150 to each person who was affected.
Our Verdict
I suppose the bank or CFPB will send out notification to those affected, or maybe you’ll just get a check in the mail. Readers mention that it’s worth making sure that the bank has your updated address, phone, and email in case they send you something.
Hat tip to reader A1