USBANK

U.S. Bank Trust National Association, acting as owner trustee for various trusts including RCAF Acquisition Trust, has been involved in multiple lawsuits, primarily as a defendant in cases related to mortgage foreclosures. These often involve allegations of wrongful foreclosure, violations of federal lending laws, discrimination, or improper debt collection practices. Note that many public records show the entity as the plaintiff in foreclosure actions, but the cases below focus on instances where complaints or suits are filed against them. Access to full court records may require platforms like PACER (for federal cases) or state court portals, as they are not always freely available online without fees.Key cases include:

  • Jones et al v. U.S. Bank Trust National Association et al (Case No. 2:2025cv00998, U.S. District Court, Eastern District of Louisiana): Plaintiffs Chauna B. Jones and Damon Smothers sued U.S. Bank Trust National Association (as owner trustee for RCAF Acquisition Trust), Selene Finance LP, Wells Fargo Home Mortgage, Inc., and Dean Morris, LLC over a foreclosure on a New Orleans property. Allegations included racial discrimination under 42 U.S.C. § 1981, violations of the Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), Fair Debt Collection Practices Act (FDCPA), breach of contract, fraud, and wrongful foreclosure. The plaintiffs claimed disparate treatment compared to Caucasian borrowers and failure to provide loss mitigation options. The court dismissed federal claims with prejudice for failure to state a claim (e.g., insufficient evidence of intentional discrimination or timely RESPA requests) and state claims without prejudice, declining supplemental jurisdiction. Signed October 28, 2025. law.justia.com
  • Mosely v. U.S. Bank Trust National Association (Case No. 4:24-cv-02236, U.S. District Court, Southern District of Texas): Pro se plaintiff Mosely filed against U.S. Bank Trust National Association (as owner trustee for RCF 2 Acquisition Trust) and Selene Finance LP. The case was removed from Harris County state court and involves disputes over a foreclosure or related debt collection. Details in the original petition include potential claims of improper practices, but specifics are limited in public summaries. As of mid-2024, the case was in early stages with corporate disclosures filed (noting U.S. Bancorp as parent) and no final resolution noted. courtlistener.com
  • Schlacter v. U.S. Bank Trust National Association (Case No. 4:2025cv01223, U.S. District Court, Southern District of Texas): Plaintiff John Schlacter sued U.S. Bank Trust National Association (as owner trustee for RCAF Acquisition Trust) and Selene Finance LP regarding a real property foreclosure, invoking federal question jurisdiction (28 U.S.C. § 1331). A jury trial was demanded. The docket shows ongoing activity, including motions for sanctions, discovery disputes, and attorney withdrawal, with no resolution as of July 2025. dockets.justia.com
  • Ayala v. U.S. Bank Trust National Association (Case No. 6:22-cv-00303, U.S. District Court, Eastern District of Texas): This case involves allegations against U.S. Bank Trust National Association (as owner trustee for RCF 2 Acquisition Trust) related to foreclosure practices. Limited public details focus on docket activity and news coverage, but it appears to stem from borrower complaints about improper handling. law360.com

Other references appear in state court dockets, such as appeals or related foreclosures where counterclaims allege misconduct (e.g., in Pennsylvania, Ohio, and New York cases), but these often resolve in favor of the bank or remain ongoing. For comprehensive records, search state-specific court websites or use services like Justia, CourtListener, or Trellis.law, which aggregate dockets.Consumer and Online ComplaintsConsumer complaints against U.S. Bank Trust National Association (often filed under its parent entity, U.S. Bank National Association) are tracked in public databases and review sites. These typically involve issues like mortgage servicing, debt collection, credit reporting, or account management, but specifics tied to its role as trustee for trusts like RCAF Acquisition Trust are rarer and often linked to foreclosure disputes.

  • CFPB Complaint Database: The Consumer Financial Protection Bureau (CFPB) hosts a searchable database of over a million consumer complaints. While “U.S. Bank Trust National Association” may not appear as a distinct entity, complaints are commonly logged under “U.S. Bank National Association” (its affiliate). As of 2025, there are thousands of entries against U.S. Bank, including issues with mortgages (e.g., loan modification denials, escrow problems) and debt collection. For example, one 2023 complaint (ID 7699305) details consumer issues, though not specific to trusts. The CFPB has also taken enforcement actions against U.S. Bank, such as a $37.5 million fine in 2022 for opening unauthorized accounts and a $21 million penalty in 2023 for blocking access to unemployment benefits during the COVID-19 pandemic. Search the database at consumerfinance.gov for “U.S. Bank” to view narratives (redacted for privacy). consumerfinance.gov +4
  • Better Business Bureau (BBB): The BBB profiles U.S. Bank (headquartered in Minneapolis, MN) with customer reviews and complaints. As of recent data, there are numerous filings related to banking services, including mortgage and trust-related issues. Common themes include poor customer service, disputed fees, and foreclosure handling. U.S. Bank typically responds to complaints, but resolutions vary. View at bbb.org. bbb.org
  • Other Online Forums and Social Media: Scattered complaints appear on sites like Facebook, Ripoff Report, or X (formerly Twitter). For instance, a recent X post highlights lawsuits and complaints against the entity in its trustee role, linking to a support site. A Facebook group post from 2025 describes filing a CFPB complaint over a “fraudclosure” involving U.S. Bank as trustee. These are anecdotal and not verified, but they reflect borrower frustrations with trust-administered loans.

COMPLAINTS FILED AGAINST THEM

There are several lawsuits and complaints filed against U.S. Bank Trust National Association acting in its capacity as owner trustee for various trusts, including RCAF Acquisition Trust

. Many of these cases involve mortgage foreclosure disputes. 

Examples of lawsuits and complaints

  • Foreclosure and ownership disputes: In Florida and other states, U.S. Bank Trust National Association, acting as owner trustee for RCAF Acquisition Trust, is a plaintiff in mortgage foreclosure lawsuits. These cases sometimes involve borrowers disputing the trust’s standing or claim to the property.
  • COVID-19 misconduct: In a complaint filed by the Consumer Financial Protection Bureau (CFPB), U.S. Bank was fined $21 million for illegal conduct during the COVID-19 pandemic, although this is a broad finding against the bank itself and not specific to the RCAF Acquisition Trust.
  • Property neglect: A 2008 civil enforcement action by the Los Angeles City Attorney’s Office sued U.S. Bank National Association, as a trustee for several trusts, for allegedly neglecting hundreds of foreclosed residential properties.
  • General misconduct: The CFPB has also taken action against U.S. Bank for other misconduct, such as opening accounts for consumers without their knowledge or consent. 

How to file a complaint

To file a complaint against U.S. Bank Trust National Association regarding its role with RCAF Acquisition Trust, consider these options:

  • File with the CFPB. The Consumer Financial Protection Bureau (CFPB) accepts complaints about financial products and services, including mortgages and debt collection.
  • Contact the Office of the Comptroller of the Currency (OCC). The OCC supervises federal banks and can investigate complaints related to banking activities.
  • Consult a lawyer. To contest a trust or sue a trustee, it is advisable to hire an attorney who specializes in trust and estate litigation. A trust itself cannot be sued directly, but the trustee can be sued on behalf of the trust. An attorney can help you determine if the trustee breached their fiduciary duty.
  • Contact state agencies. Depending on your location, you may also be able to file a complaint with state-level banking or financial regulatory agencies.
  • File a lawsuit. For specific issues related to a mortgage or other property dispute, you may need to file a lawsuit directly against the trust and its trustee. You can find case information by searching court records online.

U.S. Bank Trust National Association is acting in the capacity of an owner trustee for RCAF Acquisition Trust, a separate legal entity. This structure is typically used for specific asset-holding purposes, such as in mortgage foreclosure cases. The bank itself does not individually own the assets but holds and manages them on behalf of the trust. 

What this means

  • Separation of Liability: The phrase “not in its individual capacity” is legally significant, indicating that U.S. Bank Trust is not liable for the trust’s obligations.
  • Trust Responsibilities: The bank’s role is to act as a fiduciary, administering the assets of RCAF Acquisition Trust according to the trust’s governing documents.
  • Trust Assets: Information indicates that RCAF Acquisition Trust holds real estate assets, as evidenced by a recent mortgage foreclosure case in Pennsylvania involving the trust. Further evidence of its real estate holdings comes from property transfers listed in Louisiana.
  • Broader Context: U.S. Bank Trust National Association is a subsidiary of U.S. Bancorp, a large financial services company. While the bank and its parent company have extensive financial data, that information relates to the larger corporation, not the specific activities of RCAF Acquisition Trust.
Post Views: 231