By Andrew R. Johnson
U.S. Bancorp said Wednesday that federal authorities are investigating the bank's compliance with insurance-program requirements for loans insured by the Federal Housing Administration.
The Minneapolis-based bank said in a regulatory filing that the U.S. Department of Justice and U.S. Department of Housing and Urban Development's Office of the Inspector General are investigating the bank.
The bank has previously disclosed in regulatory filings that it faced investigations and examinations by government agencies and bank regulators regarding mortgage practices, including the origination and servicing of loans insured by the FHA.
A spokeswoman for U.S. Bancorp declined to comment.
The bank said in Wednesday's filing that it is "cooperating fully" with the examinations and investigations, which could lead to legal proceedings or settlements.
Other regional banks, including Fifth Third Bancorp, SunTrust Banks Inc. and Regions Financial Corp., have disclosed mortgage-related investigations in recent months.
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