Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: U.S. Bank
Current Parent Company: U.S. Bancorp
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $200,000,000
Year: 2014
Date: June 30, 2014
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Mega-Scandal: Mortgage Abuses
Violation Description: U.S. Bank agreed to pay $200 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the Federal Housing Administration that did not meet applicable requirements.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Division
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Minnesota
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.