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Violation Tracker Individual Record

Company: Washington Mutual
Current Parent Company: JPMorgan Chase
Penalty: $10,000,000
Year: 2015
Date: April 6, 2015
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: banking violation
Violation Description: Washington Mutual agreed to pay $10 million to settle litigation alleging borrowers were misled about home mortgage teaser rates.
Level of Government: federal
Action Type: private litigation
Court: Central District of California
Civil or Criminal Case: civil
Case ID: 8:11cv079
Case Name: Timothy R Peel et al v. Brooksamerica Mortgage Corporation et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
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.