U.S. consumer watchdog charges Fifth Third Bank on opening phony accounts [Reuters]
Fifth Third Bancorp (FITB)
Last fifth third bancorp earnings: 4/21 06:30 am
Check Earnings Report
US:NASDAQ Investor Relations:
ir.53.com/investor-overview
Company Research
Source: Reuters
U.S. consumer watchdog charges Fifth Third Bank on opening phony accounts WASHINGTON (Reuters) - The U.S. Consumer Financial Protection Bureau (CFPB) said on Monday it charged Fifth Third Bank, National Association, for creating fake client deposit and credit-card accounts and transferring clients’ funds to those accounts without consent, citing an abuse of fair lending and savings laws. The Cincinnati-based lender did not admit or deny the consumer watchdog’s allegations that it engaged in unauthorized account openings and money transfers, the CFPB said in a statement. “Despite knowing since at least 2008 that employees were opening unauthorized consumer-financial accounts, Fifth Third took insufficient steps to detect and stop the conduct and to identify and remediate harmed consumers,” the CFPB said. It also alleged that the program “created incentives for employees to engage in misconduct in order to meet goals or earn additional compensation” at least until 2016. The CFPB’s charg
Show less
Read more
Impact Snapshot
Event Time:
FITB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FITB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FITB alerts
High impacting Fifth Third Bancorp news events
Weekly update
A roundup of the hottest topics
FITB
News
- RITTER COMMUNICATIONS SECURES UPSIZED $590 MILLION FOR CONTINUED NETWORK EXPANSION [Yahoo! Finance]Yahoo! Finance
- Fifth Third Lights Up Hyper-Fast Electric Vehicle Chargers at Florida BranchBusiness Wire
- Fifth Third Private Bank Named Global Private Banking Award Winner, Honored as Best for Customer ServiceBusiness Wire
- Fifth Third Bank to Decrease Prime Lending Rate to 7.75% [Yahoo! Finance]Yahoo! Finance
- Fifth Third Bank to Decrease Prime Lending Rate to 7.75%Business Wire
FITB
Earnings
- 10/18/24 - Miss
FITB
Sec Filings
- 11/6/24 - Form 8-K
- 11/5/24 - Form 10-Q
- 11/4/24 - Form 4
- FITB's page on the SEC website