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Violation Tracker Individual Record

Company: Trident Mortgage Co.
Current Parent Company: Berkshire Hathaway
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $20,000,000
Year: 2022
Date: July 27, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: discriminatory practices (non-employment)
Violation Description: Trident agreed to pay $20 million in providing mortgage subsidies in settlement of allegations by the United States and several Attorneys General that the company engaged in systemic discrimination against providing credit to people in marginalized minority neighborhoods. The settlement was also announced by the Consumer Financial Protection Bureau and the Justice Department (see separate entries).
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Nebraska
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: diversified
Specific Industry of Current Parent: diversified
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.