Regions Bank

AL 2016 Community Banks / Credit Unions

DOJ False Claims Act

Penalty

$52.4 million

Outcome

Regions Bank Agrees To Pay $52.4 Million To Resolve Alleged False Claims Act Liability Arising From FHA-Insured Mortgage Lending

Details

Regions Bank — DOJ Enforcement (2016)

DOJ took enforcement action against Regions Bank in AL in 2016 involving false claims act violations in the Community Banks / Credit Unions sector.

Penalty: $52.4 million

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

Source: DOJ Press Release — Regions Bank Agrees To Pay $52.4 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 — Regions Bank Agrees To Pay $52.4 Million To Resolve Alleged 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