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Violation Tracker Individual Record

Company: Trident Mortgage Company
Current Parent Company: Berkshire Hathaway
Penalty: $20,000,000
Year: 2022
Date: July 27, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: discriminatory practices (non-employment)
Violation Description: The Department of Justice, the Consumer Financial Protection Bureau (CFPB), and the Attorneys General of Pennsylvania, New Jersey, and Delaware announced agreements to resolve allegations that Trident Mortgage Company, which is owned by Berkshire Hathaway Inc., engaged in a pattern or practice of lending discrimination by redlining in the Philadelphia metropolitan area, including neighborhoods in Philadelphia, Camden, and Wilmington. The case was also announced by the CFPB and the state AGs (see separate entries).
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Rights Division
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.