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Violation Tracker Individual Record

Company: U.S. Bank, National Association
Current Parent Company: U.S. Bancorp
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $1,200,000
Year: 2011
Date: May 20, 2011
Offense Group: consumer-protection-related 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 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.