Manufacturers and Traders Trust Company

CFPB took action against M&T Bank for deceptively advertising free checking accounts. M&T will provide $2.9 million in refunds to the approximately 59,000 consumers deceived into paying fees and it will pay a $200,000 penalty for the violations.

Related documents

Consent order

Stipulation

Press release

CFPB Takes Action Against M&T Bank for Deceptively Advertising Free Checking