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PHH

MN 2017 Community Banks / Credit Unions
DOJ False Claims Act
Penalty
$75 million

Outcome

PHH Agrees To Pay Over $74 Million To Resolve Alleged False Claims Act Liability Arising From Mortgage Lending

Details

PHH — DOJ Enforcement (2017)

DOJ took enforcement action against PHH in MN in 2017 involving false claims act violations in the Community Banks / Credit Unions sector.

Penalty: $75 million

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

Source: DOJ Press Release — PHH Agrees To Pay Over $74 Million To Resolve Alleged False Claims Act Liability Arising From 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 — PHH Agrees To Pay Over $74 Million To Resolve Alleged False Claims Act Liability Arising From Mortgage Lending

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