Violation Tracker Parent Company Summary

Parent Company Name: 
U.S. Bancorp
Ownership Structure: 
publicly traded (ticker symbol USB)
Headquartered in: 
Minnesota
Major Industry: 
financial services
Specific Industry: 
banking
Penalty total since 2000: 
$1,211,026,982
Number of records: 
31
Top 10 Primary Offense TypesPenalty TotalNumber of Records
anti-money-laundering deficiencies$598,000,0003
banking violation$303,565,4218
False Claims Act and related$200,000,0001
consumer protection violation$55,633,5003
wage and hour violation$18,044,5727
securities issuance or trading violation$18,000,0001
benefit plan administrator violation$9,600,0001
mortgage abuses$5,600,0002
privacy violation$2,000,0001
investor protection violation$560,0002
Notes: 

Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. The totals are also adjusted to reflect cases in which federal and state agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

Associated Names: 

U.S. Bancorp; U.S. Bank Pension Plan; US BANK; US BANK MUNICIPAL SECURITIES GROUP; US Bank NA

Links: 

Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.


Individual Penalty Records:

Click on the company or penalty amount for more information on each case.
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Company Primary Offense Type Year Agency Penalty Amountsort icon
U.S. Bancorp anti-money-laundering deficiencies 2018 USAO $453,000,000
U.S. Bank banking violation 2013 OCC $208,156,501
U.S. Bank False Claims Act and related 2014 DOJ_CIVIL $200,000,000
U.S. Bank National Association anti-money-laundering deficiencies 2018 OCC $75,000,000
U.S. Bank National Association anti-money-laundering deficiencies 2018 FINCEN $70,000,000
U.S. Bank consumer protection violation 2014 CFPB $53,000,000
U.S. Bank National Association banking violation 2014 OCC $51,900,000
U.S. Bank National Association securities issuance or trading violation 2015 CFTC $18,000,000
U.S. Bank National Association banking violation 2017 OCC $15,000,000
US Bancorp banking violation 2018 FED $15,000,000
U.S. Bank National Association banking violation 2016 OCC $10,000,000
U.S. Bank Pension Plan benefit plan administrator violation 2012 private lawsuit-federal $9,600,000
U.S. Bancorp wage and hour violation 2017 private lawsuit-federal $7,000,000
U.S. Bancorp wage and hour violation 2014 private lawsuit-federal $6,450,000
U.S. Bancorp mortgage abuses 2018 FED $4,400,000
U.S. Bank banking violation 2013 CFPB $3,200,000
U.S. Bank wage and hour violation 2015 private lawsuit-federal $3,031,075
U.S. Bancorp consumer protection violation 2005 CA-AG $2,600,000
US Bank privacy violation 2000 MULTI-AG $2,000,000
U.S. Bank, National Association mortgage abuses 2011 HUD $1,200,000
U.S. Bancorp wage and hour violation 2017 private lawsuit-federal $1,150,000
U.S. Bank National Association investor protection violation 2005 SEC $500,000
U.S. Bank National Association banking violation 2017 OCC $183,920
U.S. Bancorp wage and hour violation 2006 WHD $140,788
U.S. Bank wage and hour violation 2008 WHD $140,787
US BANK wage and hour violation 2014 IL-DOL $131,922
U.S. Bank National Association banking violation 2006 OCC $125,000
U.S. Bank Municipal Securities Group investor protection violation 2015 SEC $60,000
US Bank NA consumer protection violation 2003 NY-AG $33,500
U.S. Bank National Association discriminatory practices 2013 HUD $12,000
U.S. Bank National Association discriminatory practices 2014 HUD $11,489
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