NEW YORK–(BUSINESS WIRE)–Bragar Eagel & Squire, PC, a nationally recognized stockholder rights law firm, is investigating potential claims against US Bancorp (“US Bancorp” or the “Company”) (NYSE: USB) on behalf of US Bancorp stockholders. Our investigation concerns whether US Bancorp has violated the federal securities laws and/or engaged in other unlawful business practices.
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On May 4, 2021, the Company announced an investigation by the CFPB into its sales practices. Upon this news, shares of US Bancorp dropped precipitously.
On July 29, 2022, US Bancorp was fined by the 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, US Bancorp stock fell $0.92 per share, or 2%, to close at $47.2 per share on July 29, 2022.
If you purchased or otherwise acquired US Bancorp shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters , please contact Brandon Walker or Melissa Fortunato by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, PC:
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Previous results do not guarantee similar outcomes.