M&T Bank Corporation
Approved Evidence
Added to Rotten Company: 8/26/2026
Conduct/Event period: 2006–2011
Ongoing: No
Resolution status: Resolved
Resolution date: May 9, 2016
M&T Bank paid $64 million over FHA-insured mortgage lending allegations
Summary
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
Evidence Weight
99.93
Severity: high
Recency Weight: 99.93474746717719
File Weight: 1
Added to Rotten Company: 8/26/2026
Conduct/Event period: 2009–2012
Ongoing: No
Resolution status: Resolved
Resolution date: October 9, 2014
M&T Bank refunded $2.9 million over deceptive 'free checking' advertising
Summary
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
Evidence Weight
99.93
Severity: medium
Recency Weight: 99.93480541813166
File Weight: 1