Violation Tracker Individual Record

Company: 
Conseco Finance Servicing Corp.
Current Parent Company: 
CNO Financial
Penalty: 
$7,275,000
Year: 
2002
Date: 
February 22, 2002
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Violation Description: 

Conseco paid the state $75,000 and agreed to provide an estimated $7.2 million in interest rate reductions to customers as part of a settlement of allegations that it charged excessive interest rates and engaged in harassment.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Kansas Office of the State Bank Commissioner
Civil or Criminal Case: 
civil
Facility State: 
Kansas
HQ Country of Parent: 
USA
HQ State of Parent: 
Indiana
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
insurance
Source of Data: 

CONSECO CLIENTS TO GET $7.2 MILLION, Wichita Eagle, February 22, 2002 (via Nexis).

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.