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Violation Tracker Individual Record

Company: Circuit City Stores, Inc. and First North American National Bank
Penalty: $335,000
Year: 2001
Date: November 15, 2001
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Circuit City Stores, Inc. and its subsidiary First North American National Bank agreed to pay a $335,000 civil penalty and offer refunds in settlement of allegations that Circuit City sold Credit Insurance without a license, and that some customers were enrolled onto Credit Insurance without their clear consent or when they were not eligible.
Level of Government: state
Action Type: agency action
Agency: Minnesota Department of Commerce
Civil or Criminal Case: civil
Facility State: Minnesota
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.