Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: BSI Financial Services Inc.
Penalty: $350,000
Year: 2023
Date: March 8, 2023
Offense Group: consumer-protection-related offenses
Primary Offense: mortgage abuses
Secondary Offense: consumer protection violation
Violation Description: An investigation by the Office of the Attorney General (OAG) found that BSI encouraged homeowners who faced financial hardships or lost their job during the pandemic to continue making partial payments on their loans and did not offer mandatory relief. As a result of this agreement, BSI will pay $350,000 in penalties and restitution to as many as 160 homeowners in Rochester, New York City, and Long Island who were not offered the relief they were entitled to from BSI.
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
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.