
The Federal Deposit Insurance Corporation announced a settlement with Citizens Bank of Pennsylvania, Philadelphia, Pennsylvania, for deceptive practices in violation of Section 5 of the Federal Trade Commission Act (Section 5). Under the settlement, CBPA agreed to an Order for Restitution and Order to Pay Civil Money Penalty (Order). The Order required CBPA to pay a civil money penalty of $5.0 million and provide restitution of approximately $1.4 million to more than 75,000 affected consumers. For more info visit https://www.fdic.gov/news/news/press/2013/pr13035.html