Company Directory - U.S. Bancorp
Company Details - U.S. Bancorp
U.S. Bancorp
WebsiteMinneapolis, United States
U.S. Bank, the flagship brand of U.S. Bancorp, is one of the nation’s leading financial institutions offering a diverse range of banking, investment, and mortgage services to individuals, businesses, and institutions. The company is committed to responsible growth, innovative technology, and exceptional customer service.
CCI Score
CCI Score: U.S. Bancorp
-47.93
0.03%
Latest Event
US Bancorp Political Spending and Revolving Door Influence
Data from OpenSecrets reveals that US Bancorp made $1,455,971 in political contributions and spent $1,410,000 on lobbying during the 2024 election cycle. Additionally, the profile highlights a revolving door dynamic with all 9 lobbyists in 2023 and 6 out of 7 in 2024 having previously held government positions, suggesting potential regulatory capture and undue political influence.
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QUISLING
U.S. Bancorp is currently rated as a Quisling.
Latest Events
- FEB192025
Data from OpenSecrets reveals that US Bancorp made $1,455,971 in political contributions and spent $1,410,000 on lobbying during the 2024 election cycle. Additionally, the profile highlights a revolving door dynamic with all 9 lobbyists in 2023 and 6 out of 7 in 2024 having previously held government positions, suggesting potential regulatory capture and undue political influence.
-80
Political Contributions and Lobbying Efforts
March 31
The significant political contributions and lobbying expenditures indicate a strong effort to influence policy in favor of corporate interests. The high spending, combined with evidence of a revolving door among lobbyists, raises concerns about democratic accountability and the potential for regulatory capture.
-70
Regulatory Capture
March 31
The revolving door data, showing that all lobbyists in 2023 and a majority in 2024 previously held government positions, suggests a deliberate strategy that may facilitate regulatory capture. This practice can undermine democratic processes and contribute to authoritarian influences by prioritizing corporate over public interests.
- DEC312024
US Bancorp spent $1,410,000 on federal lobbying activities in 2024, as reported by OpenSecrets. This significant expenditure indicates efforts to influence policy decisions, raising concerns about corporate prioritization of self-interest over democratic accountability.
-50
Political Contributions and Lobbying Efforts
March 31
The reported $1,410,000 lobbying expenditure by US Bancorp suggests an aggressive use of corporate resources to shape regulatory and political outcomes. This kind of political spending can be seen as trying to secure favorable policies at the expense of broader democratic interests, aligning with concerns about corporate complicity in undermining equitable policy reforms.
- JAN272024
After a stated review of its political giving policies in 2021, U.S. Bancorp resumed political donations, contributing at least $53,500 to 10 candidates who objected to certifying the presidential election results, thereby indirectly supporting candidates associated with anti-democratic positions.
-70
Political Contributions and Lobbying Efforts
March 31
The resumption of donations to election objectors, who challenged the certification of a democratic election, reflects a political contribution strategy that aligns with authoritarian tendencies by financially supporting representatives with anti-democratic views. This move undermines democratic accountability and contributes to politically polarizing practices.
PDF CPA - Minneapolis Star Tribune - Political Accountability
- DEC192023
The Office of the Comptroller of the Currency (OCC) imposed a $15 million civil money penalty against U.S. Bank for deficiencies in its administration of a prepaid card program used to distribute unemployment insurance benefit payments. The bank's processes delayed consumers' access to their benefits, leading to regulatory action and remedial commitments.
-60
Business Practices and Ethical Responsibility
March 31
U.S. Bank's mishandling of its prepaid card program resulted in significant consumer harm by delaying access to critical unemployment benefits. Such practices undermine trust and demonstrate poor ethical business practices, particularly harming vulnerable populations. The $15 million penalty underscores the severity of the ethical misconduct.
OCC Assesses $15 Million Penalty Against U.S. Bank for Unfair Practices
- NOV082022
US Bancorp raised $573,041 through its political action committee during the 2021-2022 U.S. election cycle, as reported by OpenSecrets. This activity highlights the bank's involvement in political fundraising, which raises concerns about corporate influence in the democratic process.
-20
Political Contributions and Lobbying Efforts
March 31
US Bancorp's PAC fundraising of $573,041 indicates a level of corporate participation in political financing. From an anti-fascist perspective, such involvement raises concerns about the potential for undue corporate influence over political processes, which can undermine democratic accountability.
- FEB152018
US Bancorp faced a fine of over $600 million for failing to properly identify and report a significant number of suspicious transactions, as reported by the Financial Times, highlighting major internal control and risk management issues.
-70
Business Practices and Ethical Responsibility
March 31
The imposition of a $600 million fine for transaction failings underscores serious deficiencies in US Bancorp's internal controls and ethical business practices. The company's inability to catch and report suspicious transactions reflects a neglect of its duty to safeguard against financial malpractice, undermining public trust and ethical standards in corporate governance.
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Industries
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- Miscellaneous Intermediation
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