Skip to content

SunTrust controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

Back to profile3 entries

  1. 2015

    Controversial technology-worker severance clause

    A severance agreement for laid-off information-technology employees required unpaid availability for up to two years. SunTrust withdrew the provision after criticism.

  2. 2014

    National Mortgage Settlement consent order

    SunTrust Mortgage was required to provide approximately $500 million in relief, including a $40 million fund for certain foreclosed borrowers, and to implement enhanced servicing protections.

  3. 2013

    Mortgage lending and foreclosure practices settlement

    SunTrust paid $1.5 billion to resolve federal claims concerning alleged deficient mortgage lending, servicing, and foreclosure practices.