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Violation Tracker Individual Record

Company: PNC Bank N.A.
Current Parent Company: PNC Financial Services
Penalty: $24,000,000
Year: 2016
Date: December 13, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: mortgage abuses
Violation Description: PNC agreed to pay at least $24 million to settle litigation that had been brought against Community Bank of West Virginia, which PNC acquried, alleging that it overcharged fees and interest for secondary home mortgages.
Level of Government: federal
Action Type: private litigation
Court: Western District of Pennsylvania
Civil or Criminal Case: civil
Case ID: 2:03cv425
Case Name: Brian W. and Carla, et al v. Residential Funding Company, LLC, et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Pennsylvania
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (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.