{"id":81804,"date":"2022-06-16T00:59:09","date_gmt":"2022-06-16T04:59:09","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=81804"},"modified":"2022-06-16T00:39:00","modified_gmt":"2022-06-16T04:39:00","slug":"sen-warren-asks-bank-regulator-to-reject-tds-13-4-billion-acquisition-after-customer-abuse-report","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2022\/sen-warren-asks-bank-regulator-to-reject-tds-13-4-billion-acquisition-after-customer-abuse-report.html","title":{"rendered":"Sen. Warren asks bank regulator to reject TD\u2019s $13.4 billion acquisition after customer-abuse report"},"content":{"rendered":"\n<p>(CNBC) Lawmakers led by Sen. <a href=\"https:\/\/www.cnbc.com\/elizabeth-warren\/\">Elizabeth Warren<\/a> asked a key regulator to block <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/TD-CA\" target=\"_blank\">Toronto-Dominion Bank<\/a>\u2019s $13.4 billion <a rel=\"noreferrer noopener\" href=\"https:\/\/stories.td.com\/us\/en\/article\/td-to-expand-in-the-southeastern-u-s-with-acquisition-of-first-horizon-lang-swap\" target=\"_blank\">acquisition<\/a> of a regional U.S. bank because of allegations of customer abuse. In a letter sent Tuesday to the Office of the Comptroller of the Currency, Warren cited a May 4 <a rel=\"noreferrer noopener\" href=\"https:\/\/thecapitolforum.com\/td-bank-first-horizon-faulty-accounts-didnt-draw-fines-from-trump-officials-workers-say-suspect-practices-persist-as-deal-approvals-sought\/\" target=\"_blank\">report<\/a> by Capitol Forum, a Washington-based investigative news outfit, that alleged that TD used tactics similar to those in the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/WFC\" target=\"_blank\">Wells Fargo<\/a> fake accounts scandal.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/06\/15\/warren-asks-bank-regulator-to-reject-td-deal-after-customer-abuse-report.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Lawmakers led by Sen. Elizabeth Warren asked a key regulator to block Toronto-Dominion Bank\u2019s $13.4 billion acquisition of a regional U.S. bank because of allegations of customer abuse. In a letter sent Tuesday to the Office of the Comptroller [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81804","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=81804"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81804\/revisions"}],"predecessor-version":[{"id":81805,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81804\/revisions\/81805"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=81804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=81804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=81804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}