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Violation Tracker Individual Record

Company: Washington Mutual
Current Parent Company: JPMorgan Chase
Penalty: $4,000,000
Year: 2012
Date: December 4, 2012
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: kickbacks and bribery
Violation Description: Following its acquisition by JPMorgan Chase, Washington Mutual agreed to pay $4 million to settle litigation alleging it received kickbacks for referring borrowers to mortgage insurers.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of Pennsylvania
Civil or Criminal Case: civil
Case ID: 2:07cv4426
Case Name: Alexander et al v. Washington Mutual, Inc. 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)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.