Description: On February 9, 2012, the Department of Justice announced that the federal government and 49 state attorneys general have reached a landmark $25 billion agreement with the nation’s five largest mortgage servicers to address mortgage loan servicing and foreclosure… Read More ›
Settlements
DOJ – Capital One Settlement for Violations of the Servicemembers Civil Relief Act (2014)
Description: On July 26, 2012, the Department of Justice announced that Capital One agreed to pay approximately $12 million to resolve a lawsuit by the Department of Justice alleging the companies violated the Servicemembers Civil Relief Act (SCRA). The settlement covers… Read More ›
DOJ – Citigroup Settlement for Misleading Investors About Securities Containing Toxic Mortgages (2014)
Description: The Justice Department, along with federal and state partners, on July 14, 2014 announced a $7 billion settlement with Citigroup Inc. to resolve federal and state civil claims related to Citigroup’s conduct in the packaging, securitization, marketing, sale and… Read More ›
DOJ – Bank of America Settlement for Financial Fraud (2014)
Description: On August 21, 2014, the Department of Justice announced that it as reached a $16.65 billion settlement with Bank of America Corporation – the largest civil settlement with a single entity in American history — to resolve federal and… Read More ›