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Violation Tracker Individual Record

Company: TD Bank N.A.
Current Parent Company: Toronto-Dominion Bank
Penalty: $41,500,000
Year: 2022
Date: May 5, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: banking violation
Violation Description: TD Bank agreed to pay $20.75 million in cash and forgive an equal amount in debt to settle litigation alleging it charged customers illegal fees for insufficient-funds transactions.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 1:18cv11176
Case Name: Perks v. T.D. Bank, N.A.
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Canada
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.