March 25 2026

Auto-Lending Discrimination and Illegal Credit Card Practices Prove Costly for Prominent Regional Bank

Go to this article

Fifth Third Bank, which operates roughly 1,300 branches in twelve states, is the subject of joint enforcement actions by the Department of Justice and the CFPB. As a result of an auto-lending enforcement action that rose from an Equal Credit Opportunity Act examination, the bank will pay $18 million to minority status borrowers and revise its pricing and compensation systems to protect against discrimination. In addition, due to an action for deceptive marketing of credit card add-on products, it will pay approximately $3 million to aggrieved customers and incur a $500,000 penalty.   [9/29/15]

« Risk InboX home

Risk Watch Plus Webinar 8: Complaint Management

Complaints: Why you shouldn’t shun them, but invite them! In this era of exploding complaint volume, this certificated webinar (see instructions in video for how to get your free certificate of completion) takes a look at the risks, evolution, and need for a management strategy to effectively deal with complaints. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) HUD cancels Obama era Fair Housing rule; 2) “HMDA” for boards and management; and 3) CFPB has added a new dimension to its complaint database. Click here to watch now.

What is the AffirmX Platform?
Video What makes the patented AffirmX Risk Intel Platform different than anything else out there? Take the next 3 minutes to see what this revolutionary tool can do for your financial institution. Watch Video

About Risk InboX

Each day, teams of subject matter experts and analysts at AffirmX and AdvisX comb through dozens of resources to keep tabs on the latest developments in areas of risk. We share our findings here, along with a brief note about why each item matters.

We welcome your input. Contact us here.

Subscribe above to have a daily digest sent to your inbox. You may unsubscribe at any time.

Subscribe

Sign Up Today!

* required

*







*



Email & Social Media Marketing by VerticalResponse