Violation Tracker Individual Record
Company:
U.S. Bancorp
Current Parent Company:
U.S. Bancorp
Penalty:
$2,495,000
Year:
2005
Date:
May 27, 2005
Offense Group:
consumer-protection-related offenses
Primary Offense:
discriminatory practices (non-employment)
Violation Description:
To resolve allegations that it discriminated against minority auto loan customers, U.S. Bancorp (previously known as Firstar) agreed to reform its practices and pay $45,000 to class representatives, $350,000 for consumer education and $2.1 million for plaintiff's legal fees and expenses. Case documents are not available online. These details are taken from the following article: Kenneth J. Rojc, Dealer Rate Participation Class Action Settlements: Impact on Automotive Financing, Business Lawyer, February 2006 (via Nexis).
Level of Government:
federal
Action Type:
private litigation
Court:
Middle District of Tennessee
Civil or Criminal Case:
civil
Case ID:
3:02-cv-0681
Case Name:
Logan, et al v. Firstar, et al
Private Lawsuit Resolution Type:
settlement
HQ Country of Parent:
USA
HQ State of Parent:
Minnesota
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking
Link to PACER Case Docket (must be logged in):
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
