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Violation Tracker Individual Record

Company: Sage Bank
Penalty: $1,175,000
Year: 2015
Date: November 30, 2015
Offense Group: consumer-protection-related offenses
Primary Offense: mortgage abuses
Secondary Offense: discriminatory practices (non-employment)
Violation Description: The Justice Department filed a complaint and proposed consent order to resolve allegations that Sage Bank, headquartered in Lowell, Massachusetts, violated the Fair Housing Act and the Equal Credit Opportunity Act by engaging in a pattern or practice of discrimination on the basis of race and national origin in the pricing of its residential mortgage loans.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Rights Division
Civil or Criminal Case: civil
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.