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Violation Tracker Individual Record

Company: TD Bank, N.A.
Current Parent Company: Toronto-Dominion Bank
Penalty: $32,225,000
Year: 2024
Date: October 15, 2024
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: banking violation
Mega-Scandal: Overdraft Fees
Violation Description: TD Bank agreed to pay nearly $22 million in cash and over $10 million in balance reductions to settle litigation alleging it charged improper overdraft fees in debit card transactions.
Level of Government: federal
Action Type: private litigation
Court: District of New Jersey
Civil or Criminal Case: civil
Case ID: 1:21-cv-18194
Case Name: Burns v. TD Bank, N.A.
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.