CFPB v. U.S. Bank National Association

U.S. Bank National Association allegedly issued credit cards and lines of credit and opened deposit accounts for certain consumers without their knowledge and consent and without required applications and disclosures in violation of the Truth in Lending Act, Truth in Savings Act, and their implementing regulations, and the Consumer Financial Protection Act of 2010. U.S. Bank further allegedly violated the Fair Credit Reporting Act by using or obtaining consumer reports without a permissible purpose in connection with unauthorized applications for credit cards.

Summary generated from official Consumer Financial Protection Bureau press release