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:
$1,702,361,907
Number of records:
44
| Top 5 Offense Groups (Groups Defined) | Penalty Total | Number of Records |
|---|---|---|
| financial offenses | $612,730,090 | 25 |
| consumer-protection-related offenses | $556,557,112 | 6 |
| government-contracting-related offenses | $501,000,000 | 2 |
| employment-related offenses | $32,074,705 | 11 |
| Top 5 Primary Offense Types | Penalty Total | Number of Records |
|---|---|---|
| consumer protection violation | $556,521,112 | 5 |
| False Claims Act and related | $501,000,000 | 2 |
| mortgage abuses | $320,050,000 | 3 |
| banking violation | $182,541,522 | 5 |
| toxic securities abuses | $65,000,000 | 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 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; Bank of Louisville; 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.
| Company | Primary Offense Type | Year | Agency |
Penalty Amount |
|---|---|---|---|---|
| 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 |
| Bank of Louisville | investor protection violation | 2002 | KY-INS | $27,000,000 |
| 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 Mortgage, Inc. | consumer protection violation | 2019 | CA-DFPI | $349,015 |
| 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 |
| Branch Banking and Trust Company | investor protection violation | 2016 | SC-SEC | $97,500 |
| 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 |
| SunTrust Mortgage, Inc. | mortgage abuses | 2016 | CA-DFPI | $50,000 |
| 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 |
| SunTrust Mortgage, Inc. | consumer protection violation | 2017 | AR-SEC | $13,000 |
| 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 |
