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Justice Department Probes Fifth Third for Fair Lending Violations

Cody Lyon

May 21, 2014

Fifth Third Bank is under investigation by the Department of Justice to determine whether the bank engaged in discriminatory practices in connection with its indirect automobile loan portfolio, according to a 10-Q filed this month. The bank said that any claim resulting from the investigation could include direct and indirect damages and civil money penalties.

Tags: Department of Justice Fifth Third Bank

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Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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Justice Department Probes Fifth Third for Fair Lending Violations

Related Posts

Auto industry’s 2027 comeback hinges on affordability

Used powersports expand financing opportunities as affordability pressures buyers

Auto ABS issuers lock in capital ahead of possible macro volatility

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Bank of America consumer vehicle net charge-offs tick down

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