Sen. Blumenthal Calls For Federal Investigation Into M&T Bank After Customer Complaints
One of Connecticut’s U.S. senators is now asking for an investigation into the recent conversion of People’s United Bank to M&T Bank. The switchover after Labor Day weekend left some customers with headaches — some that continue to this day. Friday, Sen. Richard Blumenthal called on the Federal Reserve and Consumer Financial Bureau to review M&T’s handling of the changeover....
Sen. Richard Blumenthal calls on Federal Reserve to investigate M&T Bank for ‘failed transition’
HARTFORD, Conn (WTNH) -- U.S. Sen. Richard Blumenthal is the latest state leader to chastise M&T Bank following a merger last weekend that has left some customers without access to their bank accounts.The Democrat is asking the Federal Reserve and the Consumer Financial Protection Bureau to investigate the merger and "take any necessary enforcement action" against it, according to a letter from the senator to the two agencies."I am deeply concer…
Blumenthal urges federal agencies to investigate M&T Bank’s handling of account merger with People’s United Bank that ‘led to chaos for far too many’
U.S. Sen. Richard Blumenthal Friday called on two federal agencies to investigate the disruption to consumer and business accounts in M&T Bank’s takeover of People’s United Bank.