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Violation Tracker Individual Record

Company: SunTrust Mortgage Inc.
Current Parent Company: Truist Financial
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Penalty: $21,000,000
Year: 2012
Date: May 31, 2012
Offense Group: financial offenses
Primary Offense: banking violation
Secondary Offense: discriminatory practices (non-employment)
Violation Description: SunTrust Mortgage Inc. agreed to pay $21 million to resolve a lawsuit by the Department of Justice alleging that it engaged in a pattern or practice of discrimination that increased loan prices for many of the qualified African-American and Hispanic borrowers.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Rights Division
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: North Carolina
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
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.