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Violation Tracker Individual Record

Company: First National Bank of Omaha
Current Parent CompanyFirst National of Nebraska
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $32,250,000
Year: 2016
Date: August 25, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: credit card violation
Violation Description: The Consumer Financial Protection Bureau ordered First National Bank of Omaha to provide $27.75 million in relief to roughly 257,000 consumers harmed by what the bureau called illegal practices with credit card add-on products. The bank was said to have used deceptive marketing to lure consumers into debt cancellation add-on products and it charged consumers for credit monitoring services they did not receive. First National Bank of Omaha was also ordered to pay a $4.5 million civil money penalty to the CFPB.
Level of Government: federal
Action Type: agency action
Agency: Consumer Financial Protection Bureau
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Nebraska
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.