Violation Tracker Parent Company Summary

Parent Company Name: 
Doral Financial
Ownership Structure: 
out of business
Headquartered in: 
Puerto Rico
Major Industry: 
financial services
Specific Industry: 
banking
Penalty total since 2000: 
$25,331,710
Number of records: 
6
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$25,310,0305
employment-related offenses$21,6801
Top 5 Primary Offense TypesPenalty TotalNumber of Records
accounting fraud or deficiencies$25,000,0001
banking violation$310,0304
wage and hour violation$21,6801
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 totals are adjusted to account for the fact that the individual 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. The totals are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

Associated Names: 

DORAL BANK; DORAL FINANCIAL; DORAL MORTGAGE

Links: 

Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.


Individual Penalty Records:

Click on the company or penalty amount for more information on each case.
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Company Primary Offense Type Year Agency Penalty Amountsort icon
Doral Financial Corporation accounting fraud or deficiencies 2006 SEC $25,000,000
Doral Bank banking violation 2013 FDIC $135,000
DORAL BANK banking violation 2007 FDIC $125,000
DORAL BANK banking violation 2009 FDIC $38,030
Doral Mortgage Corp. wage and hour violation 2004 WHD $21,680
DORAL BANK banking violation 2007 FDIC $12,000
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