CFPB Issues Consent Order Against TD Bank. On August 20, the CFPB issued a Consent Order against TD Bank, N.A. (TD Bank) after an investigation allegedly found that the bank's overdraft enrollment practices violated the Electronic Fund Transfer Act and Regulation E. Specifically, the Consent Order alleges that TD Bank charged consumers overdraft fees for both ATM transactions and one-time debit card charges without obtaining affirmative consent. Further, the CFPB concluded that TD Bank violated the Consumer Financial Protection Act's prohibition against deceptive acts or practices by making misleading claims regarding its Debit Card Advance overdraft service. The Consent Order requires TD Bank to pay $97 million in restitution to consumers, along with a $25 million monetary penalty.