News
April 20, 2015

Quicken Loans Sues DOJ; Claims ‘Political Agenda’ Driving Pressure to Settle

Quicken Loans Inc. sued the U.S. Department of Housing and Urban Development and the Justice Department on Friday, saying in its complaint that the company is “fed up” with being pressured to settle over wrongdoing it didn’t commit.

Quicken alleges it is the current focus of a “political agenda under which the DOJ is ‘investigating’ and pressuring large, high-profile lenders into paying nine- and 10-figure sums by publicly ‘admitting’ wrongdoing.”

The lender reportedly risked facing a federal lawsuit unless it paid damages based on a spot-sampling of its loans, as well publicly state that its lending practices were “significantly flawed” and that it engaged in fraud under the False Claims Act.

Read the full story here.

News In The News Today- February 26, 2021 Class Action Litigation News Wisconsin Enacts COVID-19 Liability Protections COVID-19 Liability News ICYMI: Equality Of Opportunity In Action: Diversity In Business And Law Other Issues News COVID Liability Protections Head To Wisconsin Governor’s Desk COVID-19 Liability News In The News Today-February 23, 2021 Class Action Litigation
We Use Cookies to Make your Experience Better

What do we use cookies for?

We use cookies and similar technologies to recognize your repeat visits and preferences, as well as to measure the effectiveness of campaigns and analyze traffic. To learn more about cookies, including how to disable them, view our Cookie Policy. By clicking "I Accept" or "X" on this banner, or using our site, you consent to the use of cookies unless you have disabled them.