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U.S. Bank faces federal investigation

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Minneapolis-based U.S. Bank (NYSE: USB) is facing an investigation from the Consumer Financial Protection Bureau.

The CFPB is looking into the company's consumer sales practices, according to a quarterly filing with the U.S. Securities and Exchange Commission.

U.S. Bank officials said the company is cooperating with the investigation. CFPB officials declined to comment.

Read more from the Charlotte Business Journal.

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