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Violation Tracker Individual Record

Company: Peoples Bank
Penalty: $2,800,000
Year: 2017
Date: November 28, 2017
Offense Group: financial offenses
Primary Offense: banking violation
Violation Description: The Federal Reserve Board issued a Consent Order against Peoples Bank (Lawrence, Kansas) for deceptive residential mortgage origination practices in violation of section 5 of the Federal Trade Commission Act. The Consent Order required Peoples to pay approximately $2.8 million into an account to provide restitution to borrowers.
Level of Government: federal
Action Type: agency action
Agency: Federal Reserve
Civil or Criminal Case: civil
Facility State: Kansas
Facility City: Lawrence
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.