JUSTICE DEPARTMENT REACHES

TX 2016 Community Banks / Credit Unions

DOJ Fraud

Penalty

$1.5 billion

Outcome

JUSTICE DEPARTMENT REACHES SETTLEMENT WITH CHARTER BANK TO RESOLVE ALLEGATIONS OF LENDING DISCRIMINATION

Details

JUSTICE DEPARTMENT REACHES — DOJ Enforcement (2016)

DOJ took enforcement action against JUSTICE DEPARTMENT REACHES in TX in 2016 involving fraud violations in the Community Banks / Credit Unions sector.

Penalty: $1.5 billion

Violation types: Fraud
Entity type: Financial Institution
Penalty type: Criminal
Location: TX

Source: DOJ Press Release — JUSTICE DEPARTMENT REACHES SETTLEMENT WITH CHARTER BANK TO RESOLVE ALLEGATIONS OF LENDING DISCRIMINATION

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 — JUSTICE DEPARTMENT REACHES SETTLEMENT WITH CHARTER BANK TO RESOLVE ALLEGATIONS OF LENDING DISCRIMINATION

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

See How Crucible Works