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Violation Tracker Individual Record

Company: Sterling Jewelers Inc.
Current Parent Company: Signet Jewelers
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $1,000,000
Year: 2019
Date: January 16, 2019
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Sterling Jewelers Inc. agreed to pay $11 million to settle allegations that it signed up consumers for store credit cards without the consumers' knowledge or consent. The settlement was negotiated together with the U.S. Consumer Financial Protection Bureau. Of the total, $10 million went to the CFPB andf $1 million to New York; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: Bermuda
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: retailing
Specific Industry of Current Parent: retail-jewelry
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.