Reaches Lending Discrimination
DOJ
Fraud
Penalty
$3.6 million
Outcome
Justice Department Reaches Lending Discrimination Settlement with GFI Mortgage Bankers Inc.
Details
Reaches Lending Discrimination — DOJ Enforcement (2012)
DOJ took enforcement action against Reaches Lending Discrimination in FL in 2012 involving fraud violations in the Community Banks / Credit Unions sector.
Penalty: $3.6 million
Violation types: Fraud
Entity type: Financial Institution
Penalty type: Settlement
Location: FL
Source: DOJ Press Release — Justice Department Reaches Lending Discrimination Settlement with GFI Mortgage Bankers Inc.
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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