Violation Tracker Parent Company Summary

Parent Company Name: 
Truist Financial
Ownership Structure: 
publicly traded (ticker symbol TFC)
Headquartered in: 
North Carolina
Major Industry: 
financial services
Specific Industry: 
banking
Penalty total since 2000: 
$1,674,852,392
Number of records: 
39
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$585,582,59022
consumer-protection-related offenses$556,195,0974
government-contracting-related offenses$501,000,0002
employment-related offenses$32,074,70511
Top 5 Primary Offense TypesPenalty TotalNumber of Records
consumer protection violation$556,159,0973
False Claims Act and related$501,000,0002
mortgage abuses$320,000,0002
banking violation$182,541,5225
toxic securities abuses$65,000,0001
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: 

BANK OF KENTUCKY; BANKATLANTIC; BB AND T SECURITIES LLC; BB&T; BB&T Leasing Corporation; Branch Banking & Trust Co.; BRANCH BANKING AND TRUST BB AND T; GRANDBRIDGE REAL ESTATE CAPITAL; McGriff, Seibels & Williams of Texas, Inc.; SUNTRUST; SUNTRUST CAPITAL MARKETS


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
SunTrust Mortgage, Inc. consumer protection violation 2014 CFPB $550,000,000
SunTrust Mortgage Inc. False Claims Act and related 2014 DOJ_CIVIL $418,000,000
SunTrust Mortgage Inc. mortgage abuses 2014 DOJ_CIVIL $320,000,000
SunTrust Banks, Inc. banking violation 2014 FED $160,000,000
Branch Banking & Trust Company (BB&T) False Claims Act and related 2016 DOJ_CIVIL $83,000,000
SunTrust Mortgage, Inc. toxic securities abuses 2013 FHFA $65,000,000
SunTrust Mortgage Inc. mortgage abuses 2014 MULTI-AG (*) $40,000,000
BB&T Corporation benefit plan administrator violation 2019 private lawsuit-federal $24,000,000
SunTrust Mortgage Inc. banking violation 2012 DOJ_RIGHTS $21,000,000
BankAtlantic anti-money-laundering deficiencies 2006 DOJ_CRIMINAL $10,000,000
BB&T Leasing Corporation consumer protection violation 2006 MULTI-AG $6,000,000
BB&T Securities investor protection violation 2019 SEC $5,709,753
SunTrust Banks, Inc. benefit plan administrator violation 2018 private lawsuit-federal $4,750,000
SunTrust Mortgage wage and hour violation 2012 private lawsuit-federal $2,400,000
SunTrust Bank banking violation 2017 FED $1,501,000
SunTrust Banks investor protection violation 2017 SEC $1,100,000
BB&T Securities, LLC investor protection violation 2019 SEC $376,059
SunTrust Bank, Inc. wage and hour violation 2006 WHD $350,875
SunTrust Bank employment discrimination 2014 EEOC $300,000
BB&T Securities, LLC investor protection violation 2016 SEC $200,000
BB&T Securities, LLC investor protection violation 2015 SEC $200,000
BB&T Leasing Company consumer protection violation 2005 NY-AG $159,097
SunTrust Capital Markets Inc. investor protection violation 2006 SEC $125,000
McGriff, Seibels & Williams of Texas, Inc. economic sanction violation 2011 OFAC $122,408
BB&T Securities, LLC investor protection violation 2018 SEC $100,000
BB&T wage and hour violation 2018 private lawsuit-federal $72,336
Grandbridge Real Estate Capital, LLC labor relations violation 2015 NLRB $70,000
SunTrust Mortgage Inc. wage and hour violation 2012 WHD $51,518
BB&T wage and hour violation 2011 WHD $43,662
SunTrust Bank economic sanction violation 2005 OFAC $40,423
SunTrust Mortgage, Inc. discriminatory practices (non-employment) 2013 HUD $36,000
SunTrust Bank economic sanction violation 2005 OFAC $30,800
BANK OF KENTUCKY, INC., THE banking violation 2009 FDIC $30,415
Branch Banking and Trust (BB&T) employment discrimination 2010 EEOC $24,000
Branch Banking & Trust Co. economic sanction violation 2014 OFAC $19,125
Branch Banking and Trust Company wage and hour violation 2011 WHD $12,314
SunTrust Bank banking violation 2005 WI-AG $10,107
BB&T economic sanction violation 2007 OFAC $10,000
BankAtlantic economic sanction violation 2008 OFAC $7,500
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