DOJ's False Claims Act focus shifts to reverse mortgage servicers


The Trump administration's Justice Department was expected to be less aggressive in its pursuit of False Claims Act cases against the mortgage industry. Instead, its focus has shifted to Federal Housing Administration-insured reverse mortgages.


Key player in Operation Choke Point leaves DOJ, joins law firm


Michael Blume oversaw the controversial effort to crack down on consumer fraud by pressuring banks to cut off certain merchants’ access to the U.S. payment system.


Hope for banks as Justice Department punts on swipe fee case


The Trump administration is stepping away from the government’s 7-year legal fight with Amex that centers on retailers’ right to encourage the use of particular cards. The decision is good news for issuers of credit and debit cards, though it is hardly the last word on the case.


Citi settles Banamex probe; bitcoin surges again


Bank agrees to pay $97 million as DOJ drops criminal charges involving money laundering at Citi uni; digital currency price roars past $2,200 as Japanese catch the bitcoin bug.


Citi affiliate settles AML violations probe tied to Mexico-bound remittances


Banamex USA will pay $97.4 million to the Justice Department over widespread anti-money-laundering abuses.


Trump's DOJ takes same hard line as Obama's in Wells probe


Banks may be hoping for a friendlier enforcement environment under the Trump administration, but legal experts suggest a lighter touch will probably not extend to Wells Fargo.


Justice Department turns against CFPB in constitutionality case


The Justice Department told a federal appeals court on Friday that President Trump should have the authority to fire the head of the Consumer Financial Protection Bureau.


BMW being probed over car leases to military members


The Justice Department sought information from BMW AG's leasing business last year about how it handles overdue payments from U.S. military personnel, according to documents obtained by Bloomberg.


DOJ seen easing; Barclays may add risk


Justice Department may pull back on discriminatory lending cases against banks; Barclays may have appetite for risk.


Justice Department turns against CFPB in constitutional court case


The Justice Department plans to defend President Trump's executive authority by siding with PHH Corp. in the mortgage lender's controversial case alleging the Consumer Financial Protection Bureau is unconstitutional.