Links in “Department of Justice”

Nonprofit group Better Markets claims JPM's $13 billion settlement with the Department of Justice amounts to a backroom deal that doesn't require JPMorgan to change its business practices or specifically identify alleged illegal activities. [2/11]

In a Senate Judiciary Committee hearing, Department of Justice official says businesses should be required to provide prompt notice to consumers in the wake of a breach and to notify the federal government of breaches so that law enforcement can pursue and catch the perpetrators. [2/5]

NAFCU looks at Department of Justice's "Operation Choke Point," an investigation to determine whether banks allowed third-party processors working with payday lenders to illegally access billions of dollars from consumer checking accounts. [1/29]

Department of Justice squeezes $1.2 million settlement out of a small North Carolina bank for its involvement with a "targeted company" (payday lenders, credit repair organizations, mortgage assistance relief companies, etc.). [1/21]

Report that political operatives at DoJ, FDIC and CFPB set out to choke access of payday lender to the nation's financial system. [1/13]

CFPB and DOJ file $35 million joint complaint against National City Bank (through successor PNC Bank) for seven-year span (2002 to 2008) of charging higher prices on mortgage loans to African-American and Hispanic borrowers than similarly creditworthy white borrowers. [12/24]

DOJ and the CFPB bring the hammer down, announcing the largest auto loan discrimination settlement in history against Detroit-based Ally Bank for engaging in nationwide pattern or practice of racial discrimination involving overages. Action comes on the heels of the CFPB bulletin informing indirect auto lenders they would be on the hook for any intentional or disparate impact on minorities. See also this coverage. [12/23]

CFPB and DoJ action against Ally Bank comes on the heels of the CFPB bulletin informing indirect auto lenders they would be on the hook for any intentional or disparate impact on minorities. [12/23]

DOJ has filed more FIRREA actions in the past few years than it did in the first 20 years of the statute's existence. [12/17]

The Department of Justice has announced that the NCUA will be receiving a $1.4 billion dollar settlement from JPMorgan as compensation for failed corporate credit union investments. According to NCUA Chair Debbie Matz, this settlement along with other settlements should greatly reduce future assessments to credit unions. [11/20]