CIBC Ordered To Pay $5.6M

The Canadian Imperial Bank of Commerce yesterday was fined $5.6 million for breach of consumer protection rules. The federal penalty came on top of $11 million in refunds and interest the Bank was mandated to pay under Cost Of Borrowing Regulations: “CIBC was negligent.”

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Back to Top