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Violation Tracker Individual Record

Company: U.S. Bank NA
Current Parent Company: U.S. Bancorp
Penalty: $14,050,000
Year: 2016
Date: August 30, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: banking violation
Violation Description: U.S. Bank and Assurant together agreed to pay over $28 million to settle litigation relating to lender-placed insurance practices. Court documents did not indicate how much each would pay. Here we assume they each paid half of the total.
Level of Government: federal
Action Type: private litigation
Court: Southern District of Florida
Civil or Criminal Case: civil
Case ID: 1:14cv21252
Case Name: Jackson et al v. U.S. Bank, N.A. et al
Private Lawsuit Resolution Type: settlement
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)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.