Violation Tracker Individual Record
Company:
Flagstar Bank
Current Parent Company:
Flagstar Bancorp
Penalty:
$1,100,000
Year:
2004
Date:
January 4, 2004
Offense Group:
consumer-protection-related offenses
Primary Offense:
discriminatory practices (non-employment)
Violation Description:
To resolve allegations that it discriminated against minority mortgage borrowers, Flagstar agreed to pay approximately $1.1 million. Case documents are not available online. The settlement amount is taken from a news report.
Level of Government:
federal
Action Type:
private litigation
Court:
Southern District of Indiana
Civil or Criminal Case:
civil
Case ID:
1:01-cv-1468
Case Name:
Simpson, Sara v. Flagstar Bank
Private Lawsuit Resolution Type:
settlement
HQ Country of Parent:
USA
HQ State of Parent:
Michigan
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking
Source of Data:
FLAGSTAR BANK: Settlement on fees to exceed $1 million, Chicago Tribune, December 24, 2003 (via Nexis).
Link to PACER Case Docket (must be logged in):
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.
