For those who have forgotten, Massachusetts’ senior
Senator Elizabeth Warren first made a splash as chief architect of the
legislation that created the Consumer Financial Protect Bureau. Not long after
Republicans blocked her chances of becoming head of that agency, she embarked
on her Senate campaign.
By way of updating the performance of the CPFB, it
has caught another bank cheating its customers and again has secured millions
in refunds to said customers. This time it's Citizens Bank skimming
off the top of customers' deposits.
Citizens Bank agreed to refund at least $14 million
and pay $20.5 million in fines for shortchanging customers who made mistakes on
their deposit slips, federal regulators said Wednesday.
