RBC Fined for Credit Card Errors

RBC just paid a $4.25 million fine after screwing up credit card statements for 228,000 customers over 23 years — failing to transfer old credit balances to new accounts. They’ve since refunded $22 million, transferred missing credits, and donated $300K to charity. The Financial Consumer Agency of Canada handed down the penalty, praising RBC for self-reporting and cooperating. It’s a wake-up call: even giants can mess up — and regulators are watching. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b642b1174d4c6b34