Email Facebook Twitter

EXCLUSIVE: Robin Young, CEO, Amur Minerals #AMC talks long-term strategy

Finance & Stock Market News

BRIEF-Countrywide settles FTC charges for $108 million

Mon, 7th Jun 2010 17:25

WASHINGTON, June 7 (Reuters) - The Federal Trade Commission said on Monday

* that two Countrywide's mortgage servicing companies will pay $108 million to settle charges that it misled, overcharged consumers

* Countrywide's loan servicers charged inflated fees that could add up to thousands of dollars per consumer

* the $108 million is one of the largest judgments in an FTC case

* Countrywide has been acquired by Bank of America

(Daly/Bartz; Company news desk in Washington; +1 202 898 8400,

Copyright Thomson Reuters 2010. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Next Article: UPDATE 1-Scott Wilson says approached for a possible takeover

Back to Finance News

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.