U.S. Bank Slapped With Massive Fines Over Unfair Billing Practices
The Office of the Comptroller of the Currency has just announced a $4 million civil money penalty against U.S. Bank National Association, Cincinnati, Ohio, and ordered restitution of $47.9 million to more than 420,000 consumer accounts. The OCC says the bank unfairly billed customers for identity theft protection products marketed by the bank and sold …