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U.S. Bancorp

Company NameU.S. Bancorp
Stock SymbolUSB

On July 28, 2022, after an investigation by the Consumer Financial Protection Bureau into its sales practices. U.S. Bancorp was fined for illegally accessing its customers’ credit reports and opening credit cards, lines of credit, and checking and savings accounts without customers’ permission.

On this news, U.S. Bancorp’s stock fell $2.09, or 4.3%, to close at $46.12 per share on July 28, 2022, thereby injuring investors.

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