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U.S. Bank Misused Customer Records to Open Phony Accounts, Fined $37 Million

U.S. Bank Misused Customer Records to Open Phony Accounts, Fined $37 Million

Though shocking, it’s not too unusual for bank employees to use customer records to open bogus checking accounts, credit cards and other services. U.S. Bank was aware its employees were dummying up accounts to meet sales goals, according to the Consumer Financial Protection Bureau (CFPB) , which today ordered

U.S. Bank Misused Customer Records to Open Phony Accounts, Fined $37 Million

U.S. Bank Misused Customer Records to Open Phony Accounts, Fined $37 Million

Though shocking, it’s not too unusual for bank employees to use customer records to open bogus checking accounts, credit cards and other services. U.S. Bank was aware its employees were dummying up accounts to meet sales goals, according to the Consumer Financial Protection Bureau (CFPB) , which today ordered

U.S. Bank Misused Customer Records to Open Phony Accounts, Fined $37 Million

U.S. Bank Misused Customer Records to Open Phony Accounts, Fined $37 Million

Though shocking, it’s not too unusual for bank employees to use customer records to open bogus checking accounts, credit cards and other services. U.S. Bank was aware its employees were dummying up accounts to meet sales goals, according to the Consumer Financial Protection Bureau (CFPB) , which today ordered

U.S. Bank Misused Customer Records to Open Phony Accounts, Fined $37 Million

U.S. Bank Misused Customer Records to Open Phony Accounts, Fined $37 Million

Though shocking, it’s not too unusual for bank employees to use customer records to open bogus checking accounts, credit cards and other services. U.S. Bank was aware its employees were dummying up accounts to meet sales goals, according to the Consumer Financial Protection Bureau (CFPB) , which today ordered