BB&T To Pay $83M To Settle Allegations Related To FHA-Insured Lending

Mealey's (October 3, 2016, 1:20 PM EDT) -- WASHINGTON, D.C. — The U.S. Department of Justice (DOJ) on Sept. 28 announced that Branch Banking & Trust Co. (BB&T)  has agreed to pay the United States $83 million to resolve allegations that it violated the False Claims Act (FCA) when it originated faulty housing loans. ...

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