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Bank Faces $6.2 Million Fine for Misleading Customers
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Atlantic Union Bank faces a $6.2 million fine from the CFPB for allegedly misleading customers about overdraft fees and enrolling them without consent. This settlement follows a $250 million fine imposed on Bank of America for similar practices.
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How do such misleading practices impact customer trust in banks?
What are the potential implications of such fines on the banking industry as a whole?
What measures can banks take to ensure transparency and prevent customer misleading?
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