Why did USAA get fined?

Why did USAA get fined?

Regulators say the bank, which mainly serves U.S. military members, failed to keep track of its customers’ suspicious activities despite repeated warnings that it needed to improve. Mar 17, 2022

Is USAA a Fortune 500 company?

USAA is ranked No. 102 on the Fortune 500 ® list. The USAA family of companies provides insurance, banking, investments, retirement products and advice to over 12 million current and former members of the U.S. military and their families.

Is USAA a federal bank?

USAA Federal Savings Bank (FSB), an indirect wholly owned subsidiary of USAA, is a federally chartered savings association organized to offer personal retail banking services. May 9, 2012

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