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.
