Regions Bank Settlement with D.O.J.

Saturday, August 6, 2016

A regional bank involved in an investigation regarding its loan practices… Regions Financial Corp. reached a settlement with the US Department of Justice on behalf of the Department of Housing and Urban Development to resolve an inquiry over residential mortgage loan origination, underwriting and quality control practices for FHA-insured loans made by the bank. According to an SEC filing by Regions, the settlement will not have a material effect on Regions' financial position. The amount of the settlement has not been disclosed.

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