NEW YORK, NY / ACCESSWIRE / August 5, 2022 / Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating claims of violations of federal securities laws on behalf of investors of U.S. Bancorp ("U.S. Bancorp" or the "Company") (NYSE:USB).
The investigation concerns whether U.S. Bancorp and certain of its officers and directors have engaged in violation of securities laws and/or other business practices. The conduct pertains to U.S. Bancorp's penalty issued by the Consumer Financial Protection Bureau ("CFPB").
On May 4, 2021, the Company announced an investigation by the CFPB into its sales practices. Upon this news, shares of U.S. Bancorp dropped precipitously.
On July 29, 2022, U.S. Bancorp was fined by CFPB for illegally accessing its customers' credit reports and opening checking and savings accounts, credit cards, and lines of credit without customers' permission. On this news, shares fell 4%, closing at $46.12 on July 29, 2022.
If you suffered loss in U.S. Bancorp and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact our attorneys at (914) 733-7256 or via email at [email protected] or [email protected].
Whistleblowers: Persons with non-public information regarding U.S. Bancorp should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.
About Lowey Dannenberg
Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.
SOURCE: Lowey Dannenberg