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Violation Tracker Individual Record

Company: Fifth Third Bancorp
Current Parent Company: Fifth Third Bancorp
Penalty: $85,000,000
Year: 2015
Date: October 6, 2015
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Secondary Offense: investor protection violation
Mega-Scandal: Toxic Securities
Violation Description: The United States Attorney for the Southern District of New York, the U.S. Department of Housing and Urban Development and the Special Inspector General for the Troubled Asset Relief Program announced an $85 million settlement with Fifth Third Bancorp and its subsidiaries resolving civil fraud claims arising from FTB's origination of residential mortgage loans insured by the Federal Housing Administration.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Southern District of New York
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Ohio
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
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.