{"id":86848,"date":"2023-12-20T01:28:32","date_gmt":"2023-12-20T06:28:32","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=86848"},"modified":"2023-12-20T01:28:14","modified_gmt":"2023-12-20T06:28:14","slug":"u-s-bank-fined-36-million-for-freezing-unemployment-debit-cards-during-covid-19-pandemic","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2023\/u-s-bank-fined-36-million-for-freezing-unemployment-debit-cards-during-covid-19-pandemic.html","title":{"rendered":"U.S. Bank fined $36 million for freezing unemployment debit cards during Covid-19 pandemic"},"content":{"rendered":"\n<p>(CNBC)  The <a href=\"https:\/\/www.cnbc.com\/2023\/12\/11\/wells-fargo-mortgage-lenders-probed-over-racial-discrimination.html\">Consumer Financial Protection Bureau<\/a> on Tuesday announced it has fined <a href=\"https:\/\/www.cnbc.com\/quotes\/USB\/\">U.S. Bank<\/a> nearly $21 million for cutting off access to <a href=\"https:\/\/www.cnbc.com\/2023\/11\/22\/what-to-know-about-jobless-benefits-as-job-market-cools.html\">unemployment insurance benefits<\/a> during the height of the Covid-19 pandemic. The Office of the Comptroller of the Currency imposed an additional <a rel=\"noreferrer noopener\" href=\"https:\/\/www.occ.treas.gov\/news-issuances\/news-releases\/2023\/nr-occ-2023-141.html\" target=\"_blank\">$15 million penalty<\/a> on the bank over the same practices. \u201cU.S. Bank blocked access to accounts and demanded burdensome paperwork in order for consumers to regain access to their frozen benefits,\u201d CFPB Director <a href=\"https:\/\/www.cnbc.com\/2023\/07\/20\/cfpb-chief-sets-regulatory-agenda-on-junk-fees-medical-debt-and-ai.html\">Rohit Chopra<\/a> said in a statement.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/12\/19\/us-bank-fined-36-million-for-frozen-unemployment-benefits.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The Consumer Financial Protection Bureau on Tuesday announced it has fined U.S. Bank nearly $21 million for cutting off access to unemployment insurance benefits during the height of the Covid-19 pandemic. The Office of the Comptroller of the Currency [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86848","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=86848"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86848\/revisions"}],"predecessor-version":[{"id":86849,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86848\/revisions\/86849"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=86848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=86848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=86848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}