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Violation Tracker Current Parent Company Summary

Current 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$1,388,840,614
Number of records: 50
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$1,040,034,94225
government-contracting-related offenses$200,000,0001
consumer-protection-related offenses$111,152,32513
employment-related offenses$37,644,57210
safety-related offenses$8,7751
Top 5 Primary Offense TypesPenalty TotalNumber of Records
anti-money-laundering deficiencies$629,600,0005
banking violation$374,175,08811
False Claims Act and related$200,000,0001
consumer protection violation$55,863,5004
investor protection violation$36,227,4416
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 or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

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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CompanyPrimary Offense TypeYearAgencyPenalty Amount sort icon .
U.S. Bancorpanti-money-laundering deficiencies2018USAO$453,000,000
U.S. Bankbanking violation2013OCC$208,156,501
U.S. BankFalse Claims Act and related2014DOJ_CIVIL$200,000,000
U.S. Bank National Associationanti-money-laundering deficiencies2018OCC$75,000,000
U.S. Bank National Associationanti-money-laundering deficiencies2018FINCEN$70,000,000
U.S. Bankconsumer protection violation2014CFPB$53,000,000
U.S. Bank National Associationbanking violation2014OCC$51,900,000
U.S. Bankbanking violation2022CFPB$37,500,000
MUFG Bank Ltd.banking violation2019NY-DFS$33,000,000
U.S. Bank National Associationmortgage abuses2020DOJ_UTP$29,000,000
Union Bank of California, N.A.anti-money-laundering deficiencies2007DOJ_CRIMINAL$21,600,000
U.S. Bank National Associationinvestor protection violation2015CFTC$18,000,000
U.S. Bancorp Investments, Inc.investor protection violation2020SEC$15,992,441
U.S. Bank National Associationbanking violation2017OCC$15,000,000
US Bancorpbanking violation2018FED$15,000,000
US Bankhousing code violation2016CA-LACA$13,500,000
U.S. Bank National Associationbanking violation2016OCC$10,000,000
Union Bank of California, N.A.anti-money-laundering deficiencies2007FINCEN$10,000,000
U.S. Bank Pension Planbenefit plan administrator violation2012private lawsuit-federal$9,600,000
U.S. Bancorpwage and hour violation2017private lawsuit-federal$7,000,000
U.S. Bank National Associationwage and hour violation2020private lawsuit-federal$6,500,000
U.S. Bancorpwage and hour violation2014private lawsuit-federal$6,450,000
U.S. Bancorpmortgage abuses2018FED$4,400,000
Union Bankwage and hour violation2012private lawsuit-federal$3,500,000
U.S. Bankbanking violation2013CFPB$3,200,000
U.S. Bankwage and hour violation2015private lawsuit-federal$3,031,075
U.S. Bankprivacy violation2019private lawsuit-federal$2,670,336
U.S. Bancorpconsumer protection violation2005CA-AG$2,600,000
U.S. Bancorpdiscriminatory practices (non-employment)2005private lawsuit-federal$2,495,000
US Bankprivacy violation2000MULTI-AG$2,000,000
MUFG Securities Americas Inc.investor protection violation2018SEC$1,400,000
U.S. Bank, National Associationmortgage abuses2011HUD$1,200,000
U.S. Bancorpwage and hour violation2017private lawsuit-federal$1,150,000
U.S. Bank National Associationinvestor protection violation2005SEC$500,000
US Bancorp Investments, Inc.investor protection violation2010FINRA$275,000
U.S. Bankconsumer protection violation2021MA-AG$230,000
U.S. Bank National Associationbanking violation2017OCC$183,920
U.S. Bancorpwage and hour violation2006WHD$140,788
U.S. Bankwage and hour violation2008WHD$140,787
US BANKwage and hour violation2014IL-DOL$131,922
U.S. Bank National Associationbanking violation2006OCC$125,000
MUFG Union Bank, National Associationbanking violation2019OCC$109,667
U.S. Bank Municipal Securities Groupinvestor protection violation2015SEC$60,000
US Bank NAconsumer protection violation2003NY-AG$33,500
Union Bank of CAeconomic sanction violation2003OFAC$14,913
Union Bank of CAeconomic sanction violation2003OFAC$12,000
U.S. Bank National Associationdiscriminatory practices (non-employment)2013HUD$12,000
U.S. Bank National Associationdiscriminatory practices (non-employment)2014HUD$11,489
U.S. BANCORP DBA US BANK MT. VERNON IL OFFICEworkplace safety or health violation2015OSHA$8,775
Union Bank of Californiaeconomic sanction violation2005OFAC$5,500
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.