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US Bank settles federal mortgage probe for $200M

June 30, 2014
Associated Press

CLEVELAND (AP) — U.S. Bank has agreed to pay $200 million to settle allegations that it failed to check on the creditworthiness of thousands of applicants when it issued government-insured mortgage loans between 2006 and 2011, the local U.S. attorney's office announced on Monday.

 
 

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