Estimated reading time: 0 minutes, 25 seconds

HUD, DOJ Move to Clarify False Claims Act for Lenders

Tuesday, Nov 05 2019
Lending
Written by 

The Department of Housing and Urban Development and the Department of Justice have unveiled a joint memorandum of understanding outlining how the agencies plan to enforce alleged violations of the False Claims Act.

The move aims “to provide clarity and certainty to Federal Housing Administration-approved lenders,” according to a press release.

As Politico reports, banks and consumer advocates alike have urged the two departments to clear up how they would be addressing violations of the False Claims Act.

Read the full article from Politico. 

Read 3965 times
Rate this item
(0 votes)
More in this category: « Stearns Lending Promotes Steve Smith to President Docutech Hires Ex-NewRez Exec as Chief Product Officer »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline