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Violation Tracker Individual Record

Company: New Day Financial LLC dba New Day USA
Current Parent CompanyNew Day Financial LLC
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $1,000,000
Year: 2015
Date: November 19, 2015
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: New Day Financial LLC dba New Day USA agreed to pay a $1 million penalty to the New York State Department of Financial Services and surrender its mortgage banker's license to do business in New York after its employees, including senior managers, were alleged to have engaged in a widespread scheme to cheat on state-required continuing education courses and exams, among other violations of New York Law.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: USA
HQ State of Current Parent: Maryland
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: consumer lending
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.