Kessler Topaz Meltzer & Check, LLP Announces Investigation of a Consumer Class Action on Behalf of Certain US Bancorp or US Bank Customers

The law firm of Kessler Topaz Meltzer & Check, LLP (“Kessler Topaz”) announces that it is investigating a class action lawsuit against U.S. Bancorp or U.S. Bank (collectively “U.S. Bank”).

Specifically, Kessler Topaz is investigating potential claims on behalf of retail banking customers of U.S. Bank. On May 4, 2021, U.S. Bank announced that the U.S. Consumer Financial Protection Bureau (“CFPB”) has been conducting an investigation regarding “certain of the company’s consumer sales practices.”

While neither U.S. Bank nor the CFPB have disclosed the exact nature of the investigation, over the past couple of years, the CFPB has been scrutinizing various banks’ sales practices in the wake of Wells Fargo's fake-accounts scandal. For example, in 2019 the agency opened a civil investigation into Bank of America to determine whether it violated federal law by opening credit card accounts without customers’ knowledge. Last year, the CFPB sued Fifth Third Bancorp for allegedly opening customer accounts without their authorization between 2010 through 2016. That case is expected to go to trial in 2022 or later, unless a settlement is reached.

U.S. Bancorp or U.S. Bank customers who were enrolled in banking products or services, such as the opening of new accounts or credit cards or enrollment in overdraft protection, without their knowledge or consent, and would like further information regarding our investigation, can fill out our online form at: https://www.ktmc.com/us-bancorp; email at info@ktmc.com; or contact James Maro at 484-270-1453 or toll free at 888-299-7706.

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

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