Fifth Third Bancorp (FITB) in Cincinnati mistakenly informed credit bureaus that a number of customers had filed for bankruptcy.
The error occurred late last fall as Fifth Third changed its technological systems, according to company spokeswoman Stephanie Honan. The $128 billion-asset lender fixed the problem in December and has since updated its reports to credit bureaus with corrected information.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access