Violation Tracker Individual Record
Company:
U.S. Bank National Association
Current Parent Company:
U.S. Bancorp
Penalty:
$51,900,000
Year:
2014
Date:
September 24, 2014
Offense Group:
financial offenses
Primary Offense:
banking violation
Violation Description:
The Office of the Comptroller of the Currency assessed a $4 million civil money penalty against U.S. Bank National Association, Cincinnati, Ohio, and ordered restitution of $47.9 million to more than 420,000 consumer accounts.
Level of Government:
federal
Action Type:
agency action
Agency:
Office of the Comptroller of the Currency
Civil or Criminal Case:
civil
Facility State:
Ohio
Facility City:
Cincinnati
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.
