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Violation Tracker Individual Record

Company: METLIFE, INC
Current Parent CompanyMetLife
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $3,200,000
Year: 2012
Date: August 6, 2012
Offense Group: financial offenses
Primary Offense: banking violation
Secondary Offense: mortgage abuses
Violation Description: The Federal Reserve Board announced the issuance of monetary sanctions totaling $3.2 million against MetLife, Inc. for failure to adequately oversee its subsidiary bank's mortgage loan servicing and foreclosure processing operations.
Level of Government: federal
Action Type: agency action
Agency: Federal Reserve
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.