U.S. Bancorp said in a filing Monday that the Consumer Financial Protection Bureau (CFPB) is considering a potential enforcement action against the bank as...
U.S. Bancorp USB said in a filing Monday that the Consumer Financial Protection Bureau is considering a potential enforcement action against the bank as part of a previously-disclosed probe into its administration of unemployment insurance benefit prepaid debit cards during the COVID-19 pandemic. The bank said it’s cooperating with the regulators. The filing was initially reported by American Banker. The move comes after Bank of America Corp.
Bancorp USB said in a filing Monday that the Consumer Financial Protection Bureau is considering a potential enforcement action against the bank as part of a previously-disclosed probe into its administration of unemployment insurance benefit prepaid debit cards during the COVID-19 pandemic. The bank said it’s cooperating with the regulators. The filing was initially reported by American Banker. The move comes after Bank of America Corp.
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