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Violation Tracker Individual Record

Company: Countrywide Financial Corporation
Current Parent Company: Bank of America
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $150,000,000
Year: 2009
Date: January 28, 2009
Offense Group: consumer-protection-related offenses
Primary Offense: mortgage abuses
Mega-Scandal: Mortgage Abuses
Violation Description: Countrywide agreed to pay $150 million to settle allegations it violated Pennsylvania's Consumer Protection Law by engaging in various forms of deceptive marketing of home mortgages.
Level of Government: state
Action Type: agency action
Agency: Pennsylvania Attorney General
Civil or Criminal Case: civil
Facility State: Pennsylvania
HQ Country of Current Parent: USA
HQ State of Current Parent: North Carolina
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: Attorney General Corbett Announces Settlement with Countrywide Financial Worth More Than $150 Million, States News Service, January 28, 2009 (via Nexis).
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.