Reaches $12 Million

Unknown 2012 Community Banks / Credit Unions

DOJ Fraud

Penalty

$12 million

Outcome

Justice Department Reaches $12 Million Settlement to Resolve Violations of the Servicemembers Civil Relief Act by Capital One

Details

Reaches $12 Million — DOJ Enforcement (2012)

DOJ took enforcement action against Reaches $12 Million in 2012 involving fraud violations in the Community Banks / Credit Unions sector.

Penalty: $12 million

Violation types: Fraud
Entity type: Financial Institution
Penalty type: Settlement

Source: DOJ Press Release — Justice Department Reaches $12 Million Settlement to Resolve Violations of the Servicemembers Civil Relief Act by Capital One

How Crucible Prevents This

Crucible's compliance monitoring for Community Banks / Credit Unions would have detected the patterns underlying this enforcement action.

Source: DOJ Press Release — Justice Department Reaches $12 Million Settlement to Resolve Violations of the Servicemembers Civil Relief Act by Capital One

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