Capitol Account

Capitol Account

Steering TD Bank's Regulatory 'Transformation'

Also, CFPB agrees to let next director make the call on layoffs

Jul 10, 2026
∙ Paid

Friday Q and A: TD Bank has faced severe regulatory headwinds over the last two years, fallout from a money laundering scandal that resulted in a rare guilty plea to criminal charges. The 2024 settlement, which aired embarrassing details about employees, also included a record $3.1 billion fine and an OCC-imposed cap on growth.

Now on a mission to get ba…

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