TD Bank

Plaid ‘surprised’ by TD Bank trademark suit, denies allegations


Plaid said it has been in discussions with TD Bank over allegations of trademark infringement and false advertising and was caught off-guard by the lawsuit the bank filed Wednesday.


TD Bank sues Plaid for trademark infringement, false advertising


In a lawsuit filed Wednesday, the U.S. subsidiary of Toronto-Dominion Bank accused the data aggregator Plaid of improperly using the bank’s name, trademarks and logos when it gathers TD customers' data.


Fintech partnerships help TD weather the pandemic


Mobile and online banking technologies that the Toronto bank previously rolled out, including a virtual assistant developed by Kasisto and money management tools made by Moven, have become much more popular since the arrival of COVID-19.


TD, CIBC beat expectations with surge in capital markets


Record profits from trading and other capital markets activities helped to offset steep revenue declines in personal and business banking.


TD Bank will pay $122M to settle CFPB charges of overdraft abuse


The bank has agreed to pay $97 million in customer restitution and a $25 million fine to settle allegations by the Consumer Financial Protection Bureau that it deceptively charged overdraft fees for certain ATM and debit card transactions.


TD payments exec: COVID response breaking barriers, spurring diversity


Jo Jagadish, who joined TD Bank in April as head of commercial products and payments innovation, spent her childhood moving country to country, so she's used to a world without borders — the kind world emerging from the capabilities of fintech and demands of the pandemic.


TD hires Chase exec to drive fintech partnerships


TD Bank has hired Jyotsana “Jo” Jagadish to head commercial operating products and payment innovation, where she will oversee TD’s expanding fintech partnerships.


Payment facilitators struggle with risk of pandemic payments — would banks do better?


Brick-and-mortar merchants that have shifted to online have changed their risk profile, causing conflicts with the fintechs like Square that handle their payments. And that could be an opportunity for banks.


TD’s answer to a pandemic-driven spike in wire fraud


The bank says fraud attempts involving commercial wire transfers have escalated since the outbreak began. It's training employees and customers how to head off the often hard-to-detect scams.


Record reserves for bad loans set to gut Canadian banks' profits


The second-quarter jump in provisions may be three to four times higher than a year earlier and will be mostly for loans that have yet to go bad, analysts said.