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Violation Tracker Individual Record

Company: Flagstar Bank
Current Parent Company: New York Community Bancorp
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Penalty: $1,100,000
Year: 2004
Date: January 4, 2004
Offense Group: consumer-protection-related offenses
Primary Offense: discriminatory practices (non-employment)
Violation Description: To resolve allegations that it discriminated against minority mortgage borrowers, Flagstar agreed to pay approximately $1.1 million. Case documents are not available online. The settlement amount is taken from a news report.
Level of Government: federal
Action Type: private litigation
Court: Southern District of Indiana
Civil or Criminal Case: civil
Case ID: 1:01-cv-1468
Case Name: Simpson, Sara v. Flagstar Bank
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: FLAGSTAR BANK: Settlement on fees to exceed $1 million, Chicago Tribune, December 24, 2003 (via Nexis).
Link to PACER Case Docket (must be logged in): (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.