May 09, 2024
A New York federal judge has permanently thrown out a proposed class action against U.S. Bancorp alleging shareholders were harmed after the bank paid a $37.5 million fine to the Consumer Financial Protection Bureau in connection with allegations its bankers secretly opened accounts in customers' names.
October 26, 2022
U.S. Bank and three of its executives have been hit with a proposed class action alleging that shareholders were harmed after the company paid a $37.5 million fine to the Consumer Financial Protection Bureau in connection with allegations its bankers secretly opened accounts in customers' names to increase revenue.