Violation Tracker Individual Record
Company:Bear Stearns Companies, LLC
Date:September 9, 2008
Primary Offense:mortgage abuses
The Bear Stearns Companies LLC and its subsidiary EMC Mortgage Corporation agreed to pay $28 million to settle Federal Trade Commission charges that they engaged in unlawful practices in servicing consumers' home mortgage loans.
Level of Government:federal
Action Type:agency action
Agency:Federal Trade Commission
Civil or Criminal Case:civil
HQ Country of Parent:USA
HQ State of Parent:New York
Ownership Structure of Parent:publicly traded
Major Industry of Parent:financial services
Specific Industry of Parent:banking & securities
Source of Data:
Source Notes:If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.