TD reaches settlement after U.S. investigation into bank’s overdraft practices

TORONTO — TD Bank Group has reached a US$122-million settlement with the U.S. Consumer Financial Protection Bureau after an investigation into its marketing and sales practices related to its overdraft services. The U.S. regulator says the bank’s actions constituted deceptive and abusive acts and required TD to pay $97 million in restitution to roughly 1.42 million consumers and a civil […]