Branch Banking & Trust Company, N.A.

GA 2016 Community Banks / Credit Unions

DOJ False Claims Act

Penalty

$83 million

Outcome

Branch Banking & Trust Company, N.A. agrees to pay $83 Million to Resolve False Claims Act Liability arising from FHA-Insured Mortgage Lending

Details

Branch Banking & Trust Company, N.A. — DOJ Enforcement (2016)

Outcome: Branch Banking & Trust Company, N.A. agrees to pay $83 Million to Resolve False Claims Act Liability arising from FHA-Insured Mortgage Lending

How Crucible Prevents This

Crucible's billing compliance controls enforce documentation-to-claims reconciliation and flag billing anomalies before false claims are submitted.

Source: DOJ Press Release — Branch Banking & Trust Company, N.A. agrees to pay $83 Million to Resolve False Claims Act Liability arising from FHA-Insured Mortgage Lending

Don't let this happen to your organization. See how Crucible works.

See How Crucible Works