Kessler Topaz is investigating potential claims on behalf of Fifth Third Bank customers related to numerous illegal practices.
Fifth Third Bancorp (NASDAQ: FITB) (“Fifth Third”) is a large bank holding company with $214 billion in assets headquartered in Cincinnati, Ohio. Fifth Third operates approximately 1,300 branches in 12 states, primarily in the Midwest and Southeast, offering financial services including credit cards, mortgages, home equity lines of credit, and auto loans.
Recently, the Consumer Fraud Protection Board (“CFPB”) took action against Fifth Third for a myriad of illegal practices. As a result, Fifth Third will be required to pay millions of dollars in fines for such improper practices. Our investigation concerns some of the same misconduct by Fifth Third which was identified by the CFPB for numerous illegal practices, including, demanding that customers pay for vehicle insurance coverage they did not need and/or which was duplicative of coverage borrowers already had on their vehicles; illegally charging fees for such coverage; and, then repossessing the vehicles when customers were delinquent in making payments when the delinquency was caused by the bank charging unnecessary and duplicative coverage. Kessler Topaz is also investigating Fifth Third for opening fake accounts in the names of its customers.
Contact us today if you are a former or current customer of Fifth Third. You can fill out our online form below, call us at 484-270-1453 or email us at info@ktmc.com.