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Violation Tracker Individual Record

Company: Woodforest National Bank
Current Parent Company: Woodforest National Bank
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $33,000,000
Year: 2010
Date: October 7, 2010
Offense Group: financial offenses
Primary Offense: banking violation
Mega-Scandal: Overdraft Fees
Violation Description: The Office of the Comptroller of the Currency entered into a settlement with Woodforest National Bank, The Woodlands, Texas, requiring the bank to pay approximately $32 million in reimbursement to consumers who were harmed by the bank's overdraft program. The settlement also required the bank to pay a Civil Money Penalty of $1 million to the U.S. Treasury.
Level of Government: federal
Action Type: agency action
Agency: Office of the Comptroller of the Currency
Civil or Criminal Case: civil
Facility State: Texas
Facility City: The Woodlands
HQ Country of Current Parent: USA
HQ State of Current Parent: Texas
Ownership Structure of Current Parent: employee-owned
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
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.