Violation Tracker Individual Record
Company:
First National Bank of Omaha
Current Parent Company:
First National of Nebraska
Penalty:
$32,250,000
Year:
2016
Date:
August 25, 2016
Offense Group:
consumer-protection-related offenses
Primary Offense:
consumer protection violation
Secondary Offense:
credit card violation
Violation Description:
The Consumer Financial Protection Bureau ordered First National Bank of Omaha to provide $27.75 million in relief to roughly 257,000 consumers harmed by what the bureau called illegal practices with credit card add-on products. The bank was said to have used deceptive marketing to lure consumers into debt cancellation add-on products and it charged consumers for credit monitoring services they did not receive. First National Bank of Omaha was also ordered to pay a $4.5 million civil money penalty to the CFPB.
Level of Government:
federal
Action Type:
agency action
Agency:
Consumer Financial Protection Bureau
Civil or Criminal Case:
civil
HQ Country of Parent:
USA
HQ State of Parent:
Nebraska
Ownership Structure of Parent:
privately held
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking
Source of Data:
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
