Atlanta Law firm Herman Jones LLP is investigating potential claims on behalf of U.S. Bancorp against certain of its officers and directors relating to the allegations set forth in the administrative proceeding.

“The Consumer Financial Protection Bureau (CFPB) commenced an investigation into U.S. Bancorp regarding its consumer sales practices, which investigation is further described in the March 31, 2021 10-Q of U.S. Bancorp, filed with the Securities and Exchange Commission on May 4, 2021. The CFPB filed an administrative proceeding, styled In the Matter of U.S. Bank National Association (File No. 2022-CFPB-0006), against U.S. Bank National Association (U.S. Bank), the subsidiary of bank holding company U.S. Bancorp,” said in a press release.

“The CFPB alleged that U.S. Bank illegally accessed its customers’ credit reports and opened accounts and lines of credit without customers’ permission. Through a Consent Order entered on July 28, 2022, the CFBP has fined U.S. Bank $37.5 million, to be paid to consumers who were harmed by U.S. Bank’s violations of federal consumer financial protection law. U.S. Bank must also return all improperly charged fees to its customers, with interest.

If you have continuously owned U.S. Bancorp shares since may 2021 and would like to be involved, please contact Herman Jones LLP.

If you are a current holder of U.S. Bancorp shares and you have continuously held since at least may 2021, you may have standing to hold U.S. Bancorp harmless from the alleged harm caused by the company’s officers and directors by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to assure compliance and prevent future wrongdoing.”