Violation Tracker Individual Record

Company: 
First-Citizens Bank & Trust Company
Penalty: 
$140,000
Year: 
2016
Date: 
June 8, 2016
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
discriminatory practices (non-employment)
Violation Description: 

The U.S. Department of Housing and Urban Development announced an agreement with First-Citizens Bank & Trust Company, resolving allegations that the bank denied mortgage loans to African American, Latino and Asian American mortgage applicants at a disproportionately higher rate than white applicants. ?HUD's investigation concerned retail loans originated by the bank?s predecessor, First Citizens Bank and Trust Co., in 2010 and 2011.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Housing and Urban Development Department
Civil or Criminal Case: 
civil
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.