State Regulators Settle With ACI Payments, Inc. for Unauthorized Transactions From Mr. Cooper Customer Accounts
October 18, 2023
October 18, 2023
WASHINGTON, Oct. 18 -- The Conference of State Bank Supervisors issued the following news release on Oct. 17, 2023:
Forty-four state agencies have reached settlements with ACI Payments, Inc., for erroneously initiating electronic transactions totaling $2.3 billion from the accounts of 480,000 mortgage-holders serviced by Mr. Cooper (formerly known as Nationstar Mortgage, LLC). State regulators levied $10 million in fines through a multistate enforcement action led by regulators from . . .
Forty-four state agencies have reached settlements with ACI Payments, Inc., for erroneously initiating electronic transactions totaling $2.3 billion from the accounts of 480,000 mortgage-holders serviced by Mr. Cooper (formerly known as Nationstar Mortgage, LLC). State regulators levied $10 million in fines through a multistate enforcement action led by regulators from . . .