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:
$1,281,184,759
Number of records:
37
| Top 5 Offense Groups (Groups Defined) | Penalty Total | Number of Records |
|---|---|---|
| financial offenses | $970,717,862 | 18 |
| government-contracting-related offenses | $200,000,000 | 1 |
| consumer-protection-related offenses | $76,322,325 | 9 |
| employment-related offenses | $34,144,572 | 9 |
| Top 5 Primary Offense Types | Penalty Total | Number of Records |
|---|---|---|
| anti-money-laundering deficiencies | $598,000,000 | 3 |
| banking violation | $303,565,421 | 8 |
| False Claims Act and related | $200,000,000 | 1 |
| consumer protection violation | $55,633,500 | 3 |
| mortgage abuses | $34,600,000 | 3 |
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.
Associated Names:
U.S. Bancorp; U.S. Bancorp Investments, Inc.; 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.
| Company | Primary Offense Type |
Year |
Agency | Penalty Amount |
|---|---|---|---|---|
| US Bank | privacy violation | 2000 | MULTI-AG | $2,000,000 |
| US Bank NA | consumer protection violation | 2003 | NY-AG | $33,500 |
| U.S. Bank National Association | investor protection violation | 2005 | SEC | $500,000 |
| U.S. Bancorp | consumer protection violation | 2005 | CA-AG | $2,600,000 |
| U.S. Bancorp | discriminatory practices (non-employment) | 2005 | private lawsuit-federal | $2,495,000 |
| U.S. Bank National Association | banking violation | 2006 | OCC | $125,000 |
| U.S. Bancorp | wage and hour violation | 2006 | WHD | $140,788 |
| U.S. Bank | wage and hour violation | 2008 | WHD | $140,787 |
| U.S. Bank, National Association | mortgage abuses | 2011 | HUD | $1,200,000 |
| U.S. Bank Pension Plan | benefit plan administrator violation | 2012 | private lawsuit-federal | $9,600,000 |
| U.S. Bank | banking violation | 2013 | CFPB | $3,200,000 |
| U.S. Bank | banking violation | 2013 | OCC | $208,156,501 |
| U.S. Bank National Association | discriminatory practices (non-employment) | 2013 | HUD | $12,000 |
| 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 | False Claims Act and related | 2014 | DOJ_CIVIL | $200,000,000 |
| U.S. Bank National Association | discriminatory practices (non-employment) | 2014 | HUD | $11,489 |
| US BANK | wage and hour violation | 2014 | IL-DOL | $131,922 |
| U.S. Bancorp | wage and hour violation | 2014 | private lawsuit-federal | $6,450,000 |
| U.S. Bank National Association | investor protection violation | 2015 | CFTC | $18,000,000 |
| U.S. Bank Municipal Securities Group | investor protection violation | 2015 | SEC | $60,000 |
| U.S. Bank | wage and hour violation | 2015 | private lawsuit-federal | $3,031,075 |
| U.S. Bank National Association | banking violation | 2016 | OCC | $10,000,000 |
| US Bank | housing code violation | 2016 | CA-LACA | $13,500,000 |
| U.S. Bank National Association | banking violation | 2017 | OCC | $15,000,000 |
| U.S. Bank National Association | banking violation | 2017 | OCC | $183,920 |
| U.S. Bancorp | wage and hour violation | 2017 | private lawsuit-federal | $7,000,000 |
| U.S. Bancorp | wage and hour violation | 2017 | private lawsuit-federal | $1,150,000 |
| U.S. Bancorp | mortgage abuses | 2018 | FED | $4,400,000 |
| US Bancorp | banking violation | 2018 | FED | $15,000,000 |
| U.S. Bancorp | anti-money-laundering deficiencies | 2018 | USAO | $453,000,000 |
| 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 | privacy violation | 2019 | private lawsuit-federal | $2,670,336 |
| U.S. Bancorp Investments, Inc. | investor protection violation | 2020 | SEC | $15,992,441 |
| U.S. Bank National Association | wage and hour violation | 2020 | private lawsuit-federal | $6,500,000 |
| U.S. Bank National Association | mortgage abuses | 2020 | DOJ_UTP | $29,000,000 |
