U.S. Bank’s filing indicated only that the lender is “cooperating fully with all pending examinations, inquiries and investigations,” and “has responded and continues to respond to the CFPB.” When pressed for more information, a U.S. Bank spokesperson told American Banker on Thursday the company couldn’t comment further because the supervisory work is confidential.
“Due to their complex nature, regulatory exams, inquiries and investigations often take some time before they are resolved,” a bank spokesperson said in an emailed statement to the publication.
