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Violation Tracker Individual Record

Company: Mid America Bank and Trust
Penalty: $5,000,000
Year: 2017
Date: October 26, 2017
Offense Group: financial offenses
Primary Offense: banking violation
Violation Description: The Federal Reserve Board issued a Consent Order against Mid America Bank and Trust Company for deceptive practices in violation of section 5 of the Federal Trade Commission Act related to balance transfer credit cards issued to consumers by Mid America through third parties. The Consent Order required Mid America to pay approximately $5 million in restitution to nearly 21,000 consumers.
Level of Government: federal
Action Type: agency action
Agency: Federal Reserve
Civil or Criminal Case: civil
Facility State: Missouri
Facility City: Dixon
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.