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Violation Tracker Individual Record

Company: Providian Financial Corp.
Current Parent Company: JPMorgan Chase
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: $305,500,000
Year: 2000
Date: June 28, 2000
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Mega-Scandal: Credit Card Issuer Abuses
Violation Description: Providian Financial agreed to refund more than $300 million to customers and pay $5.5 million in civil penalties to settle allegations of deceptive credit card marketing practices and improper fees and charges.
Level of Government: state
Action Type: agency action
Agency: California Attorney General
Civil or Criminal Case: civil
Facility State: California
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
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.