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Violation Tracker Individual Record

Company: Fremont Investment & Loan and Fremont General Corp
Penalty: $10,000,000
Year: 2009
Date: June 9, 2009
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Fremont agreed to pay $8 million in consumer relief, $1 million in civil penalties, and $1 million in costs, in settlement of allegations it engaged in unfair and deceptive loan origination and sales conduct, selling risky loan products that were designed to fail.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Attorney General
Civil or Criminal Case: civil
Facility State: Massachusetts
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.