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Violation Tracker Individual Record

Company: Countrywide Home Loans Inc.
Current Parent Company: Bank of America
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $650,000
Year: 2010
Date: December 9, 2010
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Countrywide Home Loans agreed to pay $650,000 in restitution in settlement of allegations it provided less favorable loan products to certain ethnicities and failed to provide correct loan information to customers and the state.
Level of Government: state
Action Type: agency action
Agency: Washington State Department of Financial Institutions
Civil or Criminal Case: civil
Facility State: Washington
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: (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.