The Toronto-Dominion (TD) Bank has been fined $6.4 million and ordered to refund nearly 256,000 customers for errors related to credit card annual fee rebates spanning two decades, a federal regulator said.
“During the September 1, 2001 to October 5, 2023 period, an estimated 255,886 customers were affected, representing an approximate financial impact of $71,723,694.49,” the Financial Consumer Agency of Canada (FCAC) said in a ”Summary of Proceeding“ issued on Nov. 6 and first reported by Blacklock’s Reporter.
