Bank

TD Bank Faces Class Action Lawsuit Alleging Unlawful Paper Statement Fees

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TD Bank has come under scrutiny following a class action lawsuit that alleges the financial institution charged customers excessive fees for paper statements. The suit claims these charges violate several consumer protection laws. The complaint, filed in a federal court in New Jersey, asserts that TD Bank has unlawfully imposed fees on customers opting for traditional paper statements, which the plaintiffs argue many consumers have not explicitly agreed to. According to the complaint, customers were not adequately informed of the fees or given a clear option to opt out. The lawsuit points out that TD … Read more

Capital One Strikes Back: Bank Seeks Dismissal of Trump Organization’s De-Banking Claims, Citing Lack of Evidence

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McLean, Virginia — Capital One has requested a federal court to dismiss a lawsuit brought by the Trump Organization, arguing that the claims lack any supporting evidence. The bank characterized the allegations of political bias in the closure of accounts as “false,” stating that it closes accounts only for legally permissible reasons and asserting that the plaintiffs failed to prove otherwise. The Trump Organization, based in Palm Beach County, Florida, filed the lawsuit in March, claiming that Capital One improperly closed approximately 300 accounts due to political and social motivations, referring to a so-called “woke” … Read more

San Diego Mastermind Behind Brutal Multi-Year Bank Heist Spree Convicted on 29 Charges

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San Diego, CA — A series of calculated and brutal bank heists orchestrated by a group of masked gunmen, has gripped the San Diego area over recent years. Between 2019 and 2022, nearly $400,000 was stolen from local bank branches in a spate of robberies described by prosecutors as “highly sophisticated.” In four separate incidents, assailants armed and masked, stormed the banks, leapt over counters, and coerced tellers at gunpoint to empty vaults into trash bins before fleeing in stolen vehicles. The violence during the heists was chilling: tellers were dragged by hair and pistol-whipped, … Read more

CFPB Withdraws Lawsuit Against Comerica Bank, Keeping Door Open for Future Actions

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Dallas, Texas — A significant legal action involving Comerica Bank and the Consumer Financial Protection Bureau (CFPB) was recently dismissed, signaling a shift in enforcement strategies under different U.S. presidential administrations. The CFPB opted to drop a lawsuit against Comerica without explanation, a move that allows for the case to potentially be reopened in the future. This legal decision follows a Texas judge’s refusal last month to pause the lawsuit, criticizing the bureau’s lack of justification for how a stay would serve the cause of justice. Originally, the CFPB filed a single-sentence dismissal at the … Read more