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Violation Tracker Individual Record

Company: Household Finance Corp. of California and Beneficial California, Inc.
Current Parent Company: HSBC
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Penalty: $8,900,000
Year: 2002
Date: January 4, 2002
Offense Group: consumer-protection-related offenses
Primary Offense: mortgage abuses
Secondary Offense: consumer protection violation
Violation Description: Household Finance Corp. of California and Beneficial California agreed to pay a total of $8.9 million in settlement of allegations they engaged in abusive lending practices, including the imposition of improper fees, penalties, interest and charges.
Level of Government: state
Action Type: agency action
Agency: California Department of Financial Protection and Innovation
Civil or Criminal Case: civil
Facility State: California
HQ Country of Current Parent: United Kingdom
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.