Trustee Program Reaches $81.6 Million

MD 2015 Community Banks / Credit Unions

DOJ Fraud

Penalty

$81.6 million

Outcome

U.S. Trustee Program Reaches $81.6 Million Settlement with Wells Fargo Bank N.A. to Protect Homeowners in Bankruptcy

Details

Trustee Program Reaches $81.6 Million — DOJ Enforcement (2015)

DOJ took enforcement action against Trustee Program Reaches $81.6 Million in MD in 2015 involving fraud violations in the Community Banks / Credit Unions sector.

Penalty: $81.6 million

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

Source: DOJ Press Release — U.S. Trustee Program Reaches $81.6 Million Settlement with Wells Fargo Bank N.A. 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.

Source: DOJ Press Release — U.S. Trustee Program Reaches $81.6 Million Settlement with Wells Fargo Bank N.A. to Protect Homeowners in Bankruptcy

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