Violation Tracker Individual Record

Company: 
SunTrust Mortgage Inc.
Current Parent Company: 
SunTrust Banks
Penalty: 
$21,000,000
Year: 
2012
Date: 
May 31, 2012
Primary Offense: 
banking violation
Secondary Offense: 
discriminatory practices
Violation Description: 

SunTrust Mortgage Inc. agreed to pay $21 million to resolve a lawsuit by the Department of Justice alleging that it engaged in a pattern or practice of discrimination that increased loan prices for many of the qualified African-American and Hispanic borrowers.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Civil Rights Division
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Georgia
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
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.