Fed May Fine Community Trust in Ky. for Overdraft Practices

October 11, 2013
American Banker 
overdraft news

The Federal Reserve may soon fine Community Trust Bancorp, a $3.6 billion-asset lender in Pikeville, Ky., for deceptive overdraft practices. Fed officials have recommended that its consumer-affairs division cite the bank for unfair and deceptive methods of levying overdraft fees, Community Trust revealed in an Oct. 11 filing.

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