Violation Tracker Parent Company Summary
Parent Company Name:
CIT
Ownership Structure:
publicly traded (ticker symbol CIT)
Headquartered in:
New York
Major Industry:
financial services
Specific Industry:
financial services
Penalty total since 2000:
$94,274,800
Number of records:
3
| Top 10 Primary Offense Types | Penalty Total | Number of Records |
|---|---|---|
| False Claims Act | $89,000,000 | 1 |
| mortgage abuses | $5,200,000 | 1 |
| export control violation | $74,800 | 1 |
Notes:
Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty dollar total above may be adjusted to account for the fact that the list of entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. Duplicate penalty amounts are marked with an asterisk in the list below.
Associated Names:
CIT; FINANCIAL FREEDOM
Links:
Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.
Individual Penalty Records:
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| Company | Primary Offense Type | Year | Agency |
Penalty Amount |
|---|---|---|---|---|
| Financial Freedom | False Claims Act | 2017 | DOJ_CIVIL | $89,000,000 |
| CIT Group Inc. | mortgage abuses | 2018 | FED | $5,200,000 |
| CIT Group Inc. | export control violation | 2005 | BIS | $74,800 |
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