Fifth Third Bancorp
| Company Name | Fifth Third Bancorp |
| Stock Symbol | FITB |
| Class Period | November 09, 2016 to March 06, 2020 |
| Lead Plaintiff Motion Deadline | June 08, 2020 |
On March 9, 2020, the Consumer Financial Protection Bureau ("CFPB") announced that it had filed a lawsuit against Fifth Third Bank, N.A. in federal court, "alleg[ing] that for several years Fifth Third, without consumers' knowledge or consent: opened deposit and credit-card accounts in consumers' names; transferred funds from consumers' existing accounts to new, improperly opened accounts; enrolled consumers in unauthorized online-banking services; and activated unauthorized lines of credit on consumers' accounts. The [CFPB] alleges that Fifth Third violated the Consumer Financial Protection Act's prohibition against unfair and abusive acts or practices as well as the Truth in Lending Act and the Truth in Savings Act and their implementing regulations."
On this news, the Company’s share price fell $3.90, or over 17%, to close at $18.30 per share on March 9, 2020, thereby injuring investors.
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If you suffered a loss on your Fifth Third Bancorp investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.