While five major banks continue to deliberate with the state attorneys general for a settlement involving violations in mortgage documentation, the same five banks, plus several others, also face charges for committing fraud against veterans and taxpayers. Defendants accuse 13 banks of “a brazen scheme to defraud both our nation’s veterans and the United States Treasury of millions of dollars” by overcharging borrowers in connection with home loans refinanced through a U.S. Veterans Affairs program.
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