Posts Tagged ‘U.S. Bank’

Another large bank fined millions for sham accounts

Another large bank fined millions for sham accounts

The Consumer Financial Protection Bureau (CFPB) recently announced a consent order with U.S. Bank, a Minnesota based bank with $559 billion in assets. According to the CFPB, U.S. Bank “issued credit cards and [...]

JPMorgan Chase says data breach affected 76 million households

JPMorgan Chase says data breach affected 76 million households

By Hugh Son JPMorgan Chase & Co. (JPM), the biggest U.S. bank, said a previously disclosed data breach affected 76 million households and 7 million small businesses. Customer names, addresses, phone numbers and e-mail [...]

Overdraft Fees Are On the Rise

Overdraft Fees Are On the Rise

BY SIMON ZHEN Banks continue to raise the fee that is charged when customers spend more than they have in their accounts. Since the end of 2012, the average fee for a $50 overdraft has [...]

U.S. Bank Responds to CFPB Order to Give Refunds to Military

BY MICHELLE A. SAMAAD In response to an order issued Thursday by the Consumer Financial Protection Bureau, U.S. Bank said it remains committed to supporting the military. On Thursday, the CFPB said it charged [...]

Costly Bank Payday Loans Criticized in Report

  BY JESSICA SILVER-GREENBERG  Some of the nation’s largest banks continue to offer payday loans, pitched as advances on direct-deposit paychecks, despite growing regulatory scrutiny and mounting criticism about the short-term, high-cost loans. [...]

Stay connected to the credit union community with our free newsletter!

Delivered to the inboxes of thousands of credit union leaders daily.

You have Successfully Subscribed!