Violation Tracker Individual Record

Company: 
U.S. Bank, National Association
Current Parent Company: 
U.S. Bancorp
Penalty: 
$1,200,000
Year: 
2011
Date: 
May 20, 2011
Offense Group: 
financial offenses
Primary Offense: 
mortgage abuses
Violation Description: 

U.S. Bank agreed to pay $1.2 million to resolve allegations that it failed to comply with FHA requirements in connection with 27 mortgage loans. U.S. Bank did not admit any liability. HUD documented losses of more than $465,000 in relation to these loans.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Housing and Urban Development Department
Civil or Criminal Case: 
civil
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
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.