Fresh Today

Fresh Today

WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has taken action against “repeat offender” Fifth Third Bank for what it alleged are a range of illegal activities that will result in the bank paying $20 million in penalties in addition to paying redress to approximately 35,000 harmed consumers, including about 1,000 who had their cars repossessed.

WASHINGTON—The Federal Reserve has fined Silvergate Capital Corporation and Silvergate Bank $43 million for deficiencies in Silvergate's monitoring of transactions in compliance with anti-money laundering laws.