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Violation Tracker Individual Record

Company: Ameriquest Mortgage
Current Parent Company: Citigroup
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $325,000,000
Year: 2006
Date: January 23, 2006
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Mega-Scandal: Predatory Lending
Violation Description: Ameriquest agreed to a $325 million settlement -- consisting of $295 million in customer restitution and $30 million to the states -- to resolve multistate litigation involving predatory lending allegations.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.