U.S. Bancorp (USB) is sued by Los Angeles, one of its units accused of being one of the city's...

|About: U.S. Bancorp (USB)|By:, SA News Editor

U.S. Bancorp (USB) is sued by Los Angeles, one of its units accused of being one of the city's biggest slumlords and contributors to blight. The bank has taken title to more than 1.5K properties and "disregarded" its legal duties as owner, alleges L.A. USB insists it's the servicers, not the trustee who have responsibility over the homes.