Tag: money penalty


U.S. Bancorp is fined $37.5 million for opening sham accounts

July 28, 2022

Via: Yahoo

A U.S. regulator on Thursday fined U.S. Bancorp $37.5 million for mistreating customers by opening sham accounts without their permission, conduct that also occurred at larger rival Wells Fargo & Co. The Consumer Financial Protection Bureau said U.S. Bancorp, the […]


OCC and FinCEN Issue $200 Million in Penalties for BSA-AML Violations

March 29, 2022

Via: JD Supra

On March 17, the OCC and FinCEN issued civil monetary penalties against a federal savings bank for “willfully” failing to meet minimum compliance program requirements and shoddy suspicious transaction reporting. The consent orders read like a veritable “how not to” […]