JPMorgan Chase settles racial discrimination lawsuit for $55 million

On January 18, the DOJ and JPMorgan Chase agreed to settle a federal lawsuit that alleged that the bank had discriminated against minority borrowers in violation of the Fair Housing Act (FHA) and Equal Credit Opportunity Act (ECOA). On the same day that the DOJ filed its complaint, the parties agreed to settle the matter for [...]

By | 2017-01-23T10:59:16+00:00 January 23rd, 2017|DOJ Enforcement, Enforcement Action, Mortgages, Uncategorized|0 Comments

Western Union fined $586 for consumer fraud violations

On January 19, Western Union agreed to pay $586 million to settle an investigation by the Department of Justice (DOJ) and Federal Trade Commission (FTC). Western Union, the world’s biggest money-transfer company, is headquartered in Englewood, Colorado. According to a DOJ press release, Western Union has admitted to violations of federal anti-fraud and money-laundering laws. [...]

DOJ files lawsuit against Minnesota bank for alleged redlining practices

On January 13, the Department of Justice (DOJ) issued a press release announcing that it had filed a lawsuit against KleinBank alleging that the bank had engaged in unlawful “redlining” of minority neighborhoods in the Minneapolis-St. Paul metropolitan area. In its complaint, the DOJ alleged that KleinBank violated the Fair Housing Act (FHA) and the [...]

By | 2017-01-19T18:04:25+00:00 January 19th, 2017|DOJ Enforcement, Enforcement Action, Mortgages, Uncategorized|0 Comments

Ohio banks settle lending discrimination charges with DOJ

On December 28, the US Department of Justice (DOJ) issued a press release announcing that it entered into a consent order with two Ohio-based banks to resolve allegations of lending discrimination. The DOJ complaint alleged that Union Savings Bank and Guardian Savings Bank both engaged in a pattern or practice of “unlawful redlining by structuring its business [...]

By | 2017-01-02T00:00:46+00:00 January 2nd, 2017|DOJ Enforcement, Enforcement Action, Mortgages, Uncategorized|0 Comments

National mortgage lender agrees to $48M settlement with DOJ

On December 28, the US Department of Justice (DOJ) issued a press release announcing it reached a settlement with a national mortgage lender to resolve allegations that the lender violated the False Claims Act by originating mortgage loans that failed to meet applicable underwriting standards. United Shore Financial Services, LLC (USFS) will pay $48 million [...]

By | 2017-01-02T00:00:39+00:00 January 2nd, 2017|DOJ Enforcement, Enforcement Action, Mortgages, Uncategorized|0 Comments
Load More Posts
FACEBOOK
GOOGLE
TWITTER
LINKEDIN