Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Surprise overdraft-fee enforcement action
The CFPB ordered Regions Bank to pay $50 million into its victims-relief fund and refund at least $141 million to customers harmed by surprise overdraft fees charged between August 2018 and July 2021.
2015
Improper overdraft-fee practices
The CFPB fined Regions $7.5 million after finding that it charged certain ATM and point-of-sale overdraft fees without required affirmative opt-ins and made misleading representations about overdraft and nonsufficient-funds fees.
2011
Morgan Keegan mortgage-backed securities valuation settlement
Regions paid $200 million to settle SEC allegations involving the mispricing of risky mortgage-backed securities in conservative mutual funds associated with Morgan Keegan.