U.S. consumer watchdog charges Fifth Third Bank on opening phony accounts

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U.S. consumer watchdog charges Fifth Third Bank on opening phony accounts
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The U.S. Consumer Financial Protection Bureau (CFPB) said on Monday it charged F...

FILE PHOTO: A branch location of Fifth Third Bank is shown in Boca Raton, Florida, January 21, 2010. REUTERS/Joe Skipper/File Photo

The Cincinnati-based lender did not admit or deny the consumer watchdog’s allegations that it engaged in unauthorized account openings and money transfers, the CFPB said in a statement.

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