Trustee Program Reaches $50 Million
DOJ
Fraud
Penalty
$50 million
Outcome
U.S. Trustee Program Reaches $50 Million Settlement with JPMorgan Chase to Protect Homeowners in Bankruptcy
Details
Trustee Program Reaches $50 Million — DOJ Enforcement (2015)
DOJ took enforcement action against Trustee Program Reaches $50 Million in MI in 2015 involving fraud violations in the Community Banks / Credit Unions sector.
Penalty: $50 million
Violation types: Fraud
Entity type: Financial Institution
Penalty type: Settlement
Location: MI
Source: DOJ Press Release — U.S. Trustee Program Reaches $50 Million Settlement with JPMorgan Chase to Protect Homeowners in Bankruptcy
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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