U.S. Bancorp Rotten Score Breakdown

U.S. Bank agreed to pay $200 million to resolve allegations that it failed to comply with FHA mortgage-origination requirements in connection with federally insured loans. The settlement followed a joint DOJ and HUD investigation. Source: https://www.justice.gov/archives/opa/pr/us-bank-pay-200-million-resolve-alleged-fha-mortgage-lending-violations

DOJ charged U.S. Bancorp with two felony Bank Secrecy Act violations tied to its U.S. Bank subsidiary. The company accepted responsibility, admitted an extensive statement of facts and agreed to pay $528 million. DOJ said the bank restricted AML staffing and capped transaction alerts, causing large numbers of suspicious transactions to go uninvestigated. Source: https://www.justice.gov/usao-sdny/pr/manhattan-us-attorney-announces-criminal-charges-against-us-bancorp-violations-bank

CFPB found U.S. Bank employees unlawfully accessed customers' credit reports and opened checking, savings, credit-card and other accounts without permission in response to sales-pressure incentives. The Bureau imposed a $37.5 million penalty. Source: https://www.consumerfinance.gov/archive/newsroom/cfpb-fines-us-bank-375-million-for-illegally-exploiting-personal-data-to-open-sham-accounts-for-unsuspecting-customers/