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U.S. bank fined $15m over MUFG Union’s fee violations

US bank logo on building
Photo: Getty Images

Martina Lindberg

1 min read
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The subsidiary was found to have been misleading customers for several years.

U.S. Bank will pay $15m to settle allegations that its subsidiary MUFG Union Bank “engaged in deceptive practices” and violated of Section 5 of the Federal Trade Commission Act. According to the Office of the Comptroller of the Currency and the consent order, MUFG Union was found misleading its

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