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Violation Tracker Individual Record

Company: Conseco Finance Servicing Corp.
Current Parent CompanyCNO Financial
Parent at the Time of the Penalty Announcement subscribe to see this data field
Recap of Ownership Changes subscribe to see this data field
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 Current Parent: USA
HQ State of Current Parent: Indiana
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current 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.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.