Basic Search  |  Summaries  |  Advanced SearchPenalty: £2,340,000
Year: 2010
Date: 15 September, 2010
Offence Group: consumer-protection-related offences
Offence Type: mortgage abuses
Violation Description: DB Mortgages paid a £840,000 fine in settlement of a finding by the FSA that the company had irresponsible lending practices and unfair treatment of customers in arrears. The company also agreed to pay an estimated £1.5 million redress to customers.
Settlement Type: settlement of FSA Decision
Agency: Financial Services Authority
HQ Country of Parent: Germany
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking & securities
Source of Data: (click here)