Home | TCF Bank Settlement

On July 20, 2018, TCF Bank (TCF) reached a settlement with the Bureau of Consumer Financial Protection (BCFP) and the Office of the Comptroller of the Currency (OCC) regarding TCF’s administration of its overdraft opt-in program between 2010 and 2013.

The settlement requires TCF to pay $25 million in refunds to certain customers who opted in to overdraft services between 2010 and 2013, paid overdraft fees that were not waived or refunded, and otherwise meet criteria specified in the BCFP- and OCC-reviewed refund plan.

The settlement fully resolves litigation with the BCFP and regulatory matters with the OCC related to TCF’s overdraft opt-in processes and practices. If you would like to learn more about TCF’s settlement with the BCFP and the OCC, you may review the BCFP settlement order and OCC consent order.

 

 

Settlement Update: December 5, 2018

 

On November 16, 2018, the BCFP and the OCC agreed TCF should begin implementing the refund plan. This plan defines how refund payments are distributed and the amounts each eligible current and former account holder are paid.

Current and former customers do not need to take any action.

Eligible current customers will receive a statement credit and eligible former customers will receive a check mailed to them. Only account holders who are eligible for refunds will receive an account credit or check.

TCF expects to begin distributing refund payments to affected customers before December 31, 2018.

If you have questions about the settlement and distribution of refunds, please view the Frequently Asked Questions .

 

 

Archive Communication: July 20, 2018

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Mail

TCF Bank Settlement
c/o JND Legal Administration
P.O. Box 91223
Seattle, WA 98111