Reaches $335 Million
Outcome
Justice Department Reaches $335 Million Settlement to Resolve Allegations of Lending Discrimination by Countrywide Financial Corporation
Details
Reaches $335 Million — DOJ Enforcement (2011)
DOJ took enforcement action against Reaches $335 Million in CA in 2011 involving fraud violations in the Community Banks / Credit Unions sector.
Penalty: $335 million
Violation types: Fraud
Entity type: Financial Institution
Penalty type: Settlement
Location: CA
Source: DOJ Press Release — Justice Department Reaches $335 Million Settlement to Resolve Allegations of Lending Discrimination by Countrywide Financial Corporation
How Crucible Prevents This
Crucible's compliance monitoring for Community Banks / Credit Unions would have detected the patterns underlying this enforcement action.
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