US regulator orders Santander to pay $10 mln over illegal overdraft practices
By Sarah N. Lynch
WASHINGTON, July 14 (Reuters) - The U.S. Consumer Financial Protection Bureau said on Thursday that Santander Bank would pay $10 million to settle charges that it engaged in illegal overdraft practices.
The regulator said the bank's telemarketing vendor deceptively marketed its overdraft protection services and then signed customers up for them without their consent.
(Reporting by Sarah N. Lynch; Editing by Lisa Von Ahn)
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