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Public opposition of TD-First Horizon deal could prolong closing, analysts say

Monday, September 12, 2022
Zoe Sagalow, Syed Muhammad Ghaznavi | S & P Global
Nadine Chabrier
The CRL is particularly concerned about TD's overdraft practices and is advocating for the bank to change those policies, said Nadine Chabrier, senior policy and litigation counsel at the center. Such a change could be part of a community benefit agreement, but those tend to focus on lending, and the center wants those changes to be made now, she added. "We're going to advocate for them to revise their overdraft policies to stop harming consumers before the merger happens," Chabrier said in an interview. "It should be a condition of it."