Violation Tracker Individual Record

Company: 
Wachovia
Current Parent Company: 
Wells Fargo
Penalty: 
$53,000,000
Year: 
2015
Date: 
October 19, 2015
Primary Offense: 
toxic securities abuses
Violation Description: 

Wachovia will agree to pay $53 million to resolve the agency's claims arising from losses related to purchases of the securities by corporate credit unions.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
National Credit Union Administration
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
California
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.