Home | TCF Bank Settlement

On July 20, 2018, TCF Bank (TCF) reached a settlement with the Consumer Financial Protection Bureau (CFPB) 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 CFPB- and OCC-reviewed refund plan.

The settlement fully resolves litigation with the CFPB 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 CFPB and the OCC, you may review the CFPB settlement order and OCC consent order.

 

Settlement Update: December 18, 2019

 

On December 18, 2019, the OCC confirmed that TCF met its obligations by providing refund payments to eligible current and former customers. View the Order Terminating the Consent Order.

The refund payment process is complete.

If you have questions, please view the Frequently Asked Questions.

 

 

Previous Updates: March 8, 2019 | January 4, 2019 | December 5, 2018 | July 20, 2018

 

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