Michael Schwartz

Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.

Atlantic Union to pay $6M to settle CFPB overdraft claims

Atlantic Union sign Cropped 1

Richmond’s biggest bank agreed to pay $1.5 million in penalties and repay at least $5 million to affected customers to settle charges that it illegally enrolled thousands in checking account overdraft programs without proper disclosures.