Westlaw News

Fifth Third Bank gets CFPB sales practice case moved to Ohio

A Chicago federal judge has allowed Fifth Third Bank to fight a U.S. Consumer Financial Protection Bureau lawsuit in Ohio where it is based, rejecting the agency’s argument that Illinois was a “hotbed” of the bank’s allegedly abusive sales practices.

In a ruling on Friday, U.S. District Judge Andrea Wood said that while the CFPB has alleged that the bank, represented by Williams & Connolly and Gibson Dunn & Crutcher, opened accounts without customer permission at branches in several states between 2008 and 2016, the heart of the allegations relate to decisions made at its corporate headquarters in Cincinnati.

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