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Violation Tracker Individual Record

Company: City National Bank
Current Parent Company: Royal Bank of Canada
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $31,000,000
Year: 2023
Date: January 12, 2023
Offense Group: consumer-protection-related offenses
Primary Offense: discriminatory practices (non-employment)
Mega-Scandal: Discriminatory Lending Practices
Violation Description: The Justice Department announced an agreement to resolve allegations that City National Bank engaged in a pattern or practice of lending discrimination by redlining in Los Angeles County.The resolution will include over $31 million in relief to impacted individuals and communities.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Rights Division
Civil or Criminal Case: civil
Facility State: California
Facility County: Los Angeles
HQ Country of Current Parent: Canada
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.