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Tag Archives: DOJ

Nomura Settles RMBS Suit With DoJ

Nomura, the Tokyo-based bank, is the last in a string of financial institutions to settle with the Department of Justice for fraudulent activities involving selling mortgage-backed securities leading up to the Great Recession of 2008.

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Goldman Sachs Mortgage Relief Settlement Actions Near $1B

Goldman Sachs is approaching the billion-dollar mark for mandated consumer-relief actions stemming from two mortgage-related settlement agreements with the U.S. Department of Justice and three states. Professor Eric D. Green, who serves as independent Monitor for the company’s consumer-relief agreements, ...

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HUD & DOJ Partner Against Sexual Harassment in Housing

The Department of Housing and Urban Development on Thursday announced a new series of initiatives designed to crack down on sexual harassment across the housing landscape, working in partnership with the Department of Justice (DOJ). This new push will encompass ...

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DOJ Policy Change Could Impact Crisis Suit Payouts

A memo from Attorney General Jeff Sessions has revealed a policy change at the U.S. Department of Justice: DOJ attorneys can no longer send settlement money to community groups or third-party vendors not directly harmed by the defendant in question. The practice had become common under the Obama administration, as prosecutors tacked on additional settlement costs to fund groups fighting community blight and serving other mortgage-related purposes across the nation. Critics of the practice called it a “slush fund” for promoting partisan political goals.

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