Fifth third must invest in tech to manage regulatory risk


Fifth Third Bank applied legacy practices to its digital account opening process, which has led to regulatory scrutiny.  The Consumer Financial Protection Bureau alleged that the Cincinnati-based bank opened fake accounts in its customers’ names and used a cross-selling strategy to boost its product and services sales, according to a CFPB July 9 release. The […]


Leave a Reply

Your email address will not be published. Required fields are marked *