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Violation Tracker Individual Record

Company: SunTrust Mortgage Inc.
Current Parent Company: Truist Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $40,000,000
Year: 2014
Date: June 17, 2014
Offense Group: consumer-protection-related offenses
Primary Offense: mortgage abuses
Mega-Scandal: Mortgage Abuses
Violation Description: SunTrust Mortgage agreed to pay $40 million to resolve mulitstate litigation alleging mortgage servicing and foreclosure abuses. This was part of a larger $550 million settlement involving federal agencies; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Court: District of the District of Columbia
Civil or Criminal Case: civil
Case ID: 1:14-cv-01028
Case Name: United States of America et al. v. SunTrust Mortgage Inc. et al.
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)
Link to PACER Case Docket (must be logged in): (click here)
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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.