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Violation Tracker Individual Record

Company: Countrywide Financial Corp.
Current Parent Company: Bank of America
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $6,000,000
Year: 2009
Date: February 9, 2009
Offense Group: consumer-protection-related offenses
Primary Offense: mortgage abuses
Violation Description: Countrywide agreed to pay nearly $6 million in settlement of allegations it engaged in deceptive marketing of mortgages with loose underwriting standards that caused foreclosures.
Level of Government: state
Action Type: agency action
Agency: Colorado Attorney General
Civil or Criminal Case: civil
Facility State: Colorado
HQ Country of Current Parent: USA
HQ State of Current Parent: North Carolina
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
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.