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Violation Tracker Individual Record

Company: Stewart Finance Company
Penalty: $10,500,000
Year: 2005
Date: November 9, 2005
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Stewart Finance Company, seven related companies, and their principals agreed to settle Federal Trade Commission allegations that the companies deceived consumers, many of them elderly, by, among other things, packing optional products such as accidental death and dismemberment insurance and membership in roadside assistance clubs onto small personal loans of $500 or less. The settlement required the companies to shut down and to agree to the entry of a $10.5 million judgment.
Level of Government: federal
Action Type: agency action
Agency: Federal Trade Commission
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.