Of course it begs the question do banks have any internal audits and controls in place.
Fifth Third Bank should be accused of having one of the dumbest names in banking. “Fifth Third” is very weird sort of number.
Give them a bailout, FED. Prosecute Lizzy Warpath’s bureaucrats for meddling What are they doing another make-work/justification scam? DISMANTLE CFPB. How did we live without it forever? How can the FED FEED ‘em all?
Consumer Financial Protection Bureau is an unaccountable federal agency that is known for corporate shakedowns. Most banks, financial institutions, and consumer oriented companies don’t fight back and just pay the extortion.
Fifth Third will win because they have chosen to fight the charges in federal court.
This is what Wells Fargo did.
I’m stunned. Stunned I tell you.
BS. I’m surprised they got caught LOL
Gee. Maybe I should have believed those emails I got from Fifth Third saying my account was compromised. I believed I never had an account with that bank, but maybe I was wrong.
Fifth Third Bank is a really stupid name for a bank. The name alone means I would never go to them for anything!
This is the same kind of thing that got Wells-Fargo investigated and fined. BTW, Fifth Third is one of the "local" banks around here (it bought out Old Kent bank years ago) and has what is possibly the most stupid name of any bank or any other company, anywhere, ever.
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Fifth Third Bank accused of opening fake accounts
HousingWire ^ | March 9, 2020 | Ben Lane
I bank 5th 3rd. Never had a problem. They have the best online portal of any bank or store that I use. Their ATMs are also among the best, and, of course, free.
When my 3 yo grandson came down with cancer, they gave our fundraising group a free account.