For the second time in a month, the Consumer Financial Protection Bureau (CFPB) has filed a TILA lawsuit against a bank.
The CFPB filed suit Monday against an Illinois-based bank for allegedly opening deposit and credit card accounts in consumers’ names without their knowledge or consent; transferring funds from consumers’ existing accounts to new, improperly opened accounts and activating unauthorized lines of credit on consumers’ accounts.
Read on for details from the suit.
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