Richmond-based Atlantic Union Bank has to refund at least $5 million to thousands of customers it illegally enrolled in a checking account program that charged fees.
In addition to the refund, the bureau ordered the bank to pay a $1.2 million penalty to the agency’s victims relief fund.
The violations in selling Atlantic Union’s Opt-In Overdraft Privilege service occurred from 2017 to 2020.
Read the full story in the Richmond Times-Dispatch.
