Fifth Third Bank on Tuesday said it agreed to pay $20 million in penalties imposed by the Consumer Financial Protection Bureau to settle a CFPB investigation into its auto insurance practices, and a 2020 lawsuit the agency filed pertaining to the bank’s creation of fake customer accounts.
In the mid-00’s they had a policy where they would rearrange your debits for the day from largest to smallest. Let’s say you had $50 in your account and the following expenses:
$25 fuel 9:00
$10 McDicks 12:00
$2 candy bar 15:00
$55 Groceries 17:30
Instead of denying the last purchase, or doing what the other shitheels do and charging $30 for the overdraft, Fifth-third (yes that’s how you say that dumbass name) would rearrange the debits so that you now incur four overdraft fees.
It was bad enough that a class action suit was brought against them. My wife got a whole $90 payout after sending receipts for over $600 in accumulated spurious overdrafts. (As a side point, she’s much better with money and bookkeeping now).
I want to be clear, I have no intention of taking the law justice into my own hands. That being said, if I had a mental break and decided to do a little light culling, the deciders for 5/3 would be near the top of the list
These shitbirds never change.
In the mid-00’s they had a policy where they would rearrange your debits for the day from largest to smallest. Let’s say you had $50 in your account and the following expenses:
Instead of denying the last purchase, or doing what the other shitheels do and charging $30 for the overdraft, Fifth-third (yes that’s how you say that dumbass name) would rearrange the debits so that you now incur four overdraft fees.
It was bad enough that a class action suit was brought against them. My wife got a whole $90 payout after sending receipts for over $600 in accumulated spurious overdrafts. (As a side point, she’s much better with money and bookkeeping now).
I want to be clear, I have no intention of taking
the lawjustice into my own hands. That being said, if I had a mental break and decided to do a little light culling, the deciders for 5/3 would be near the top of the list