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Violation Tracker Individual Record

Company: PNC Merchant Services Company, L.P.
Current Parent Company: PNC Financial Services
Penalty: $10,000,000
Year: 2022
Date: April 12, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: PNC agreed to pay up to $10 million to settle a class action alleging it overcharged mercants on credit card processing fees.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of New York
Civil or Criminal Case: civil
Case ID: 1:17cv6255
Case Name: Kelwin Inkwel, LLC et al v. PNC Merchant Services Company, L.P.
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.