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Mariner Finance, with more than 480 offices in 27 states, was accused of engaging in "widespread credit insurance packing," by selling costly policies and other products without telling borrowers ...
The settlement, which was reached days before suit was scheduled to go to trial, did not include an admission of wrongdoing by the Esformes family. [ 7 ] In 2009, Resnick, decided to use a substantial part of his $3.1 million award from his first Omnicare whistleblower lawsuit to pay restitution to the U.S. government for his role in the 2002 ...
If you've ever been wronged by a major company, you might be interested to know how many have settled after being sued.
Many of these cases have lead to class action lawsuits and proceedings by the Federal Trade Commision (FTC), resulting in a number of settlements worth millions — or even billions — of dollars ...
The Consumer Financial Protection Bureau (CFPB), together with attorneys general and state banking regulators in 49 states, and the District of Columbia obtained a Consent Judgment requiring Ocwen Financial Corporation—who at the time, was the largest nonbank mortgage loan servicer in the country—and its subsidiary, Ocwen Loan Servicing, to ...
USAA also paid out $64 million to settle a class action lawsuit related to overcharging military members who were entitled to certain protections. Then there’s the many changes higher up.
The total value of the settlement will be about $7.25 billion. [9] [10] This amount could be decreased based on the number of plaintiffs who opt-out. [11] A part of the settlement that allows merchants to charge fees to customers paying via credit card in order to recoup swipe fees took effect on January 27, 2013.
Large companies like McDonald’s and Enron have had to pay out millions — and sometimes billions — as part of lawsuits and class-action settlements. For some, the lawsuits have put them out ...