Manhattan Attorney Announces $1.2 Billion

CA 2016 Community Banks / Credit Unions

DOJ False Claims Act

Penalty

$4 billion

Outcome

Manhattan U.S. Attorney Announces $1.2 Billion Settlement Of Its Claims Against Wells Fargo Bank, N.A., For Improper Mortgage Lending Practices

Details

Manhattan Attorney Announces $1.2 Billion — DOJ Enforcement (2016)

Outcome: Manhattan U.S. Attorney Announces $1.2 Billion Settlement Of Its Claims Against Wells Fargo Bank, N.A., For Improper Mortgage Lending Practices

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 — Manhattan U.S. Attorney Announces $1.2 Billion Settlement Of Its Claims Against Wells Fargo Bank, N.A., For Improper Mortgage Lending Practices

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