Ocwen Financial to Pay $150 Million Over Wrongful Foreclosures
Ocwen Financial this week agreed to pay a total of $150 million in “hard-dollar” assistance to current and former New York borrowers to resolve numerous and significant abuses in violation of a previous settlement agreement with the New York Department of Financial Services. As part of the settlement, founder William ...
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Bank Leumi Fined $400 Million for Tax Evasion Scheme; Bans Compliance Officer
Israel-based Bank Leumi has agreed to pay a total of $400 million to resolve charges that it conducted an illegal cross-border scheme to help U.S. clients evade taxes by hiding income and assets in offshore bank accounts at the bank’s locations in Israel, Switzerland, Luxembourg, and the United States. Details ...
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OpinionNational Fraud Enforcement Division: A dangerous escalation of compliance risk
Chief compliance officers and general counsel, beware: The Trump administration’s merging of its whole-of-government enforcement approach with its political agenda forewarns of escalating compliance risk on a national scale.
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ArticleKaiser plans pay $556M to settle Medicare upcoding allegations
Kaiser Health affiliates have agreed to pay more than $556 million to settle allegations originally made by whistleblowers that they ignored compliance department warnings and unlawfully reworked diagnoses for Medicare patients in order to receive higher payments from the federal government.