U.S. Bank

U.S. Bank's big AML fine, Mulvaney in hot seat, future of payments: Top stories of the week

02/16/18

U.S. Bank's $600 million fine for AML lapses quickly drew readers attention, while acting CFPB Director Mick Mulvaney got the Cordray treatment on Capitol Hill and big banks made moves to speed real-time payments.

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U.S. Bancorp, a big bank untouched by scandal — until now

02/15/18

The bank’s unsullied image took a hit when it admitted to misleading regulators regarding its efforts to combat money laundering.

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Can small-dollar loans be both profitable and safe?

02/15/18

The Pew Charitable Trusts has released a set of 10 standards for banks and credit unions that want to to offer small loans to subprime customers. Among its ideas: keep monthly payments at or below 5% of the borrower’s paycheck and make loans available quickly through digital channels.

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Regulators fine U.S. Bank more than $600M for AML errors

02/15/18

U.S. Bancorp. has agreed to pay $613 million in penalties to state and federal authorities for violations of the Bank Secrecy Act and a faulty anti-money-laundering program.

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Big banks got huge tax cuts, then hiked cities' interest rates

02/15/18

As U.S. banks were tallying up the billions of dollars in extra profits they'll reap from the sweeping tax cuts signed into law by President Donald Trump, they were quietly delivering unwelcome news to local governments: The interest rates on their loans were about to go up.

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Bank stocks rebound after Monday's wild ride

02/06/18

Bank stocks recovered some of their lost value on Tuesday on extremely high levels of trading volume. The lone exception: Wells Fargo.

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A bogus bank, CFPB in flux, and a Super Bowl moment: Top stories of the week

02/02/18

The quick fall of AriseBank, a would-be blockchain bank; a CFPB buffeted by court rulings and policy shifts; U.S. Bancorp's Super Bowl play; and more.

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In Super Bowl limelight, U.S. Bank aims to become household name

01/31/18

The bank will step onto the national stage this weekend when the Patriots and Eagles face off at the Minneapolis stadium where it holds the naming rights. It has taken steps to capitalize on the exposure ahead of its expansion into new markets.

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Zelle’s anti-fraud efforts trip up key group: Its users

01/17/18

The P-to-P payments service promises to clear transactions in near-real time, but many consumers have complained that they have been unable access their money or even open accounts. Zelle has acknowledged the delays and says they are a result of its rigorous enrollment process.

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Tax cuts to fuel much-needed tech upgrades at large banks

01/17/18

Executives at U.S. Bancorp and Bank of America plan to use their tax savings to ramp up spending on new technology to stay competitive — but they sought to reassure investors that they would not abandon cost control.

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