U.S. Trustee Program Reaches Agreements with Three Mortgage Servicers Providing More than $74 Million in Remediation to Homeowners in Bankruptcy

December 08, 2020

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The U.S. Justice Department announced settlements with Mr. Cooper, U.S. Bank, and PNC Bank for failing to comply with federal bankruptcy procedures, which affected a total of 76,000 accounts beginning in 2011, resulting in payment application errors; inaccurate, missing, and untimely bankruptcy filings; and/or delayed escrow statements.

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