Let me make it clear about USAA Bank must spend $15.5M over banking-rule violations

Let me make it clear about USAA Bank must spend $15.5M over banking-rule violations

USAA Federal Savings Bank consented to spend a $3.5 million civil penalty and make $12 million in restitution to about 66,000 customers to be in fees so it violated banking regulations.

The San Antonio-based bank, with about $82.2 billion in assets, did not honor clients‘ stop-payment demands on electronic investment transfers together with reopened clients‘ formerly shut deposit records without their authorization, the federal customer Financial Protection Bureau found. (Pokračování textu…)