Attorney Announces $3.6 Million

PA 2017 Community Banks / Credit Unions

DOJ Fraud

Penalty

$37.5 million

Outcome

U.S. Attorney Announces $3.6 Million Settlement With Bank Accused Of Consumer Fraud

Details

Attorney Announces $3.6 Million — DOJ Enforcement (2017)

DOJ took enforcement action against Attorney Announces $3.6 Million in PA in 2017 involving fraud violations in the Community Banks / Credit Unions sector.

Penalty: $37.5 million

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

Source: DOJ Press Release — U.S. Attorney Announces $3.6 Million Settlement With Bank Accused Of Consumer Fraud

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 — U.S. Attorney Announces $3.6 Million Settlement With Bank Accused Of Consumer Fraud

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