Reaches $21 Million
DOJ
Fraud
Penalty
$21 million
Outcome
Justice Department Reaches $21 Million Settlement to Resolve Allegations of Lending Discrimination by Suntrust Mortgage
Details
Reaches $21 Million — DOJ Enforcement (2012)
DOJ took enforcement action against Reaches $21 Million in VA in 2012 involving fraud violations in the Community Banks / Credit Unions sector.
Penalty: $21 million
Violation types: Fraud
Entity type: Financial Institution
Penalty type: Settlement
Location: VA
Source: DOJ Press Release — Justice Department Reaches $21 Million Settlement to Resolve Allegations of Lending Discrimination by Suntrust Mortgage
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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