U.S. Bank agreed to pay nearly $36 million total in separate settlements with the Consumer Financial Protection Bureau (CFPB) and the Treasury Department’s Office of the Comptroller of the Currency (OCC) for allegedly impeding consumers’ access to their unemployment benefits during the Covid-19 pandemic.
Both agencies announced fines of $15 million against U.S. Bank on Tuesday, while the CFPB ordered the bank to pay an additional $5.7 million in redress.
