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Violation Tracker Individual Record

Company: New Day Financial, LLC d/b/a NewDay USA
Current Parent CompanyNew Day Financial LLC
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $5,160,000
Year: 2015
Date: April 13, 2015
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: New Day agreed to pay $5.16 million to 42 states and the District of Columbia to resolve litigation brought by state mortgage regulators alleging violations concerning required continuing education for mortgage loan originators.
Level of Government: state
Action Type: agency action
Agency: Multistate Financial Regulators Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Maryland
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: consumer lending
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.