M&T Bank

NY 2016 Community Banks / Credit Unions

DOJ False Claims Act

Penalty

$64 million

Outcome

M&T Bank Agrees to Pay $64 Million to Resolve Alleged False Claims Act Liability Arising from FHA-Insured Mortgage Lending

Details

M&T Bank — DOJ Enforcement (2016)

DOJ took enforcement action against M&T Bank in NY in 2016 involving false claims act violations in the Community Banks / Credit Unions sector.

Penalty: $64 million

Violation types: False Claims Act
Entity type: Financial Institution
Penalty type: Settlement
Location: NY

Source: DOJ Press Release — M&T Bank Agrees to Pay $64 Million to Resolve Alleged 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 — M&T Bank Agrees to Pay $64 Million to Resolve Alleged False Claims Act Liability Arising from FHA-Insured Mortgage Lending

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