Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: METLIFE, INC
Current Parent Company: MetLife
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $3,200,000
Year: 2012
Date: August 6, 2012
Offense Group: financial offenses
Primary Offense: banking violation
Secondary Offense: mortgage abuses
Violation Description: The Federal Reserve Board announced the issuance of monetary sanctions totaling $3.2 million against MetLife, Inc. for failure to adequately oversee its subsidiary bank's mortgage loan servicing and foreclosure processing operations.
Level of Government: federal
Action Type: agency action
Agency: Federal Reserve
Civil or Criminal Case: civil
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: insurance
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.