 ConsumerAffairs |
Bank penalized for misleading "free" checking offer
CBS News M&T Bank has been fined $200,000 and must refund $2.9 million for deceiving consumers with advertisements promoting free checking accounts that led them to be charged fees, the Consumer Financial Protection Bureau said on Thursday. With "no strings … M&T to refund $2.9 million for misleading 'free checking' ads M&T Bank Fined for Touting Free Checking That Wasn't Really Free M&T Bank slapped for ads that deceptively promoted free checking |