U.S. Bancorp — Ethics Grade C

U.S. Bancorp receives an overall ethics grade of C (48/100) on CancelCo's corporate accountability database. Sector: Financial Services. Market cap: Large Cap.

Category scores

• labor: 55
• privacy: 50
• consumer: 35
• environment: 45
• humanRights: 50

Documented incidents (2)

• Anti-money laundering failures (high, 2018) — Paid $613M to settle charges of failing to maintain adequate anti-money laundering programs, allowing billions in suspicious transactions.
• Fake account practices (medium, 2022) — CFPB fined U.S. Bank $37.5M for opening unauthorized accounts and charging illegal fees, similar to Wells Fargo scandal.

Documented good deeds

• Community lending — Provided $10B+ in community development loans for affordable housing and small businesses.

Ethical alternatives

• Beneficial State Bank — B Corp community bank that channels profits into economic justice initiatives.