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Boyle approved similar settlements of $41.9 million with Bank of America and $62.5 million with JPMorgan Chase in 2018 and 2020, respectively. ... The case is Bulls et al v USAA Federal Savings ...
In 2023, customers filed 417 complaints to the Consumer Financial Protection Bureau over the bank's checking and savings accounts, a dramatic increase from 150 in 2018.
In April, a federal grand jury in Louisiana indicted 21 people involved with stealing nearly $7 million from USAA customers — particularly the accounts of older individuals with high bank balances.
USAA Federal Savings Bank provides members with the ability to deposit checks to their accounts using mobile applications on the Apple iPhone and iPad and mobile devices with Google's Android operating system. [20] Major banking competitors include Bank of America-Military Bank, Pentagon Federal Credit Union and Navy Federal Credit Union. [21]
On October 14, 2020, the OCC fined USAA Federal Savings Bank $85 million "for shortcomings in its risk management and compliance with laws protecting service members." [ 38 ] On November 24, 2020, the OCC under Brooks fined JPMorgan Chase Bank, N.A., $250 million for "failure to maintain adequate internal controls and internal audit over its ...
Mortgages issued by Federal Savings Banks are pursuant to the provisions of the Home Owners' Loan Act, a U.S. federal statute. Although the activities of federal thrifts were once confined primarily to taking deposits from consumers and making residential mortgage loans, federal thrifts are now authorized to offer a wide range of financial ...
As of July 31, 2000, there were 13 settlements or judgments totaling $1.158 billion against the federal government, with more than 100 more cases pending, as a result of the Winstar decision. [2] Winstar Corporation and its subsidiary United Federal Savings Bank was successfully represented by Charles J. Cooper. The board of United Federal ...
First National Bank of Omaha. Synchrony Bank. USAA Federal Savings Bank. MidFlorida. Washington Federal Bank, National Association. Mountain America. IncredibleBank. Webster Bank, National Association