November 30, 2022

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OCC Fines Bank $250 Million over Home Loss Mitigation Program and Violation of Prior Consent Order

The Office of the Comptroller of the Forex (OCC) lately introduced a consent order requiring a massive countrywide financial institution to pay out a $250 million good, based mostly on alleged flaws in the bank’s household mortgage decline mitigation application, and unsatisfactory compliance hazard administration and consumer remediation required by a prior consent get issued by the OCC……
By: Weiner Brodsky Kider Personal computer