(Reuters) – TD Bank was ordered by a U.S. regulator on Wednesday to pay nearly $28 million for repeatedly sharing inaccurate, negative information about customers with credit reporting agencies, potentially tarnishing customers’ credit reports.
The Consumer Financial Protection Bureau said the payout includes a $20 million civil fine, plus $7.76 million of restitution to tens of thousands of customers affected by the breakdowns.
(Reporting by Jonathan Stempel in New York)
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