Regions Bank paid $56.5 million over unlawful overdraft practices
Company: Regions Financial Corporation
Summary
CFPB found Regions Bank charged overdraft fees on certain transactions without obtaining required consumer opt-ins and made deceptive representations concerning overdraft and nonsufficient-funds fees. Regions provided about $49 million in redress and paid a $7.5 million penalty. Source: https://www.consumerfinance.gov/enforcement/actions/regions-bank/