Cases / Investigations

U.S. Bancorp


Wolf Popper LLP Announces Investigation on Behalf of Investors in U.S. Bancorp

NEW YORK, August 29 2022: Wolf Popper LLP is investigating potential securities fraud claims on behalf of purchasers of U.S. Bancorp common stock (NYSE: USB).


On July 28, 2022, the Consumer Financial Protection Board (CFPB) issued a press release disclosing it had fined U.S. Bancorp $37.5 million for illegally accessing its customers’ credit reports and opening checking and savings accounts, credit cards, and lines of credit without customers’ permission. The CFPB concluded that for over a decade “U.S. Bank pressured and incentivized its employees to sell multiple products and services to its customers, including imposing sales goals as part of their employees’ job requirements.” On this news, U.S. Bancorp’s stock price fell $2.09 per share to $46.12, or down 4.3% on July 28, 2022.

Investors who have lost over $50,000 trading in U.S. Bancorp’s common stock and who would like to discuss the investigation should contact Adam Savett at (610) 621-4550, or asavett@wolfpopper.com.

Wolf Popper has successfully recovered billions of dollars for defrauded investors. Wolf Popper’s reputation and expertise have been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation. For more information about Wolf Popper, please visit the Firm’s website at www.wolfpopper.com.

Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.

Wolf Popper LLP
Joshua W. Ruthizer
845 Third Avenue
New York, NY 10022
Tel.: (212) 451-9668
Tel.: (877) 370-7703
Email: jruthizer@wolfpopper.com


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