WRAL

Fifth Third Bank opened fake accounts, got customer cars illegally repossessed, CFPB report says

Fifth Third Bank is accused of opening fake accounts, charging customers $12.7 million dollars in illegal, worthless fees and even getting customers cars illegally repossessed, according to a ...
Auto Remarketing

COMMENTARY: Projecting impact on repossessions as debt burdens grow

During tax season, the auto-repossession sector typically sees a dip in repossessions as customers receive additional cash and pay down their obligations. Recent data from Fitch Ratings and the ...
WRAL

A bank created fake accounts, forced clients into unnecessary car insurance and repossessed vehicles when they didn’t pay. Now it has agreed to $20 million in penalties

New York (CNN) — Fifth Third Bank on Tuesday said it agreed to pay $20 million in penalties imposed by the Consumer Financial Protection Bureau to settle a CFPB investigation into its auto insurance ...
Federal Reserve Bank of New York

Standing Repo Counterparties

Standing Repo (SRP) counterparties are expected to transact in at least two SRP operations every six months, and encouraged to transact in all relevant security types, to ensure robust end-to-end ...

SBI, PNB, Canara, IOB cut loan rates: What it means for borrowers

Following the RBI's repo rate cut, major public-sector lenders are offering relief to home and auto loan borrowers ...