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Violation Tracker Individual Record

Company: First-Citizens Bank & Trust Company
Penalty: $140,000
Year: 2016
Date: June 8, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: discriminatory practices (non-employment)
Violation Description: The U.S. Department of Housing and Urban Development announced an agreement with First-Citizens Bank & Trust Company, resolving allegations that the bank denied mortgage loans to African American, Latino and Asian American mortgage applicants at a disproportionately higher rate than white applicants. ?HUD's investigation concerned retail loans originated by the bank?s predecessor, First Citizens Bank and Trust Co., in 2010 and 2011.
Level of Government: federal
Action Type: agency action
Agency: Housing and Urban Development Department
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.