Violation Tracker Individual Record

Company: 
Ford Motor Credit Corporation
Current Parent Company: 
Ford Motor
Penalty: 
$6,200,000
Year: 
2004
Date: 
June 10, 2004
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Violation Description: 

Ford Motor Credit Corporation agreed to customer restitution and payment of $6.2 million in legal fees and costs to settle multistate litigation alleging it overcharged customers when they terminated their auto leases early to purchase leased cars.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Attorneys General Case
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Michigan
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
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.