Violation Tracker Individual Record

Company: 
1st Financial Bank USA
Current Parent Company: 
1st Financial Bank USA
Penalty: 
$10,140,000
Year: 
2010
Date: 
January 29, 2010
Offense Group: 
financial offenses
Primary Offense: 
banking violation
Violation Description: 

The Federal Deposit Insurance Corporation announced a settlement with 1st Financial Bank USA, Dakota Dunes, South Dakota, for unfair and deceptive practices in violation of section 5 of the Federal Trade Commission Act in connection with the bank's credit card billing procedures.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Federal Deposit Insurance Corporation
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
South Dakota
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
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.