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CFPB, OCC Order US Bank To Pay $36M Over COVID Benefits

By Sarah Jarvis (December 19, 2023, 12:36 PM EST) -- U.S. Bank has agreed to pay regulators almost $36 million for allegedly freezing tens of thousands of accounts and blocking customers from receiving unemployment benefits during the pandemic, the Consumer Financial Protection Bureau and Office of the Comptroller of the Currency announced Tuesday....

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