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US Bank fined $36m for unfair practices during Covid-19 pandemic

People wearing masks by Covid testing stations
Photo: John Smith/VIEWpress

Julie DiMauro

2 min read
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The CFPB and OCC allege bank hindered consumers access to unemployment benefits during the pandemic.

US Bank has agreed to a combined settlement of nearly $36m in separate agreements with both the Consumer Financial Protection Bureau (CFPB) and the Treasury Department’s Office of the Comptroller of the Currency (OCC).

US Bank, a wholly owned subsidiary of US Bancorp and the fifth-largest commercial bank in the

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