Pittsburgh’s second-largest bank on Wednesday announced settlements with a trio of regulators over mishandling deposits from 2008 to 2013. More than 475,000 business and consumer accounts were affected.
Citizens Bank of Pennsylvania said it agreed to pay fines of $20.5 million to the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corp. The regulators said the bank will pay a civil money penalty of $3 million and provide restitution…
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