Us Bank To Pay $57 Million Over ‘add-on’ Products

WASHINGTON, Sept 25 (Reuters) - U.S. financial regulators said on Thursday that US Bank will pay about $57 million to resolve allegations it charged consumers for services they did not actually receive.The U.S. Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau said the bank, a unit of US Bancorp, would pay a total of $9 million in fines and about $48 million in restitution to harmed borrowers.The bank offered identity theft protection and credit monitoring services as “add-ons” to mortgages and checking accounts.