M&T Bank Corporation Rotten Score Breakdown

M&T Bank agreed to pay $64 million to resolve False Claims Act allegations arising from its origination and underwriting of FHA-insured mortgages. Source: https://www.justice.gov/opa/file/851021/dl

CFPB found M&T Bank advertised checking accounts as free without adequately disclosing an activity requirement and automatic conversion to an account carrying fees. The bank was required to refund about $2.9 million to roughly 59,000 consumers and pay a $200,000 penalty. Source: https://www.consumerfinance.gov/documents/2986/201410_cfpb_consent-order_m-t.pdf