The Financial Consumer Agency of Canada (FCAC) announced a C$6.5m ($4.6m) fine leveraged against TD Bank in July over accusations that employees had not entered customers’ annual credit card rebates from September 1, 2001, to June 29, 2022. TD is ruled to have violated the Cost of Borrowing (Banks) Regulations (in effect until
Canada’s consumer regulator fines TD bank over rebate failures
The relatively small fine is added to a list of massive penalties the beleaguered Canadian bank has recently sustained.