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Violation Tracker Individual Record

Company: TD Bank N.A.
Current Parent Company: Toronto-Dominion Bank
Penalty: $70,000,000
Year: 2020
Date: January 9, 2020
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Mega-Scandal: Overdraft Fees
Violation Description: TD Bank agreed to pay $43 million and forgive $27 million in fees to settle litigation alleging it imposed illegal overdraft charges.
Level of Government: federal
Action Type: private litigation
Court: District of South Carolina
Civil or Criminal Case: civil
Case ID: 6:15-mn-02613
Case Name: In re: TD Bank, N.A. Debit Card Overdraft Fee Litigation
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.