United States v. Countrywide Financial Corporation
GPTKB entity
Properties (60)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
legal case
|
| gptkbp:analyzes |
gptkb:Federal_Bureau_of_Investigation
|
| gptkbp:birthYear |
2011
|
| gptkbp:caseOutcome |
financial penalties
changes in lending practices compensation for affected consumers increased litigation against banks |
| gptkbp:caseTypes |
civil litigation
CV_08-0731 |
| gptkbp:claims |
mortgage fraud
negligent misrepresentation |
| gptkbp:court |
gptkb:Southern_District_of_New_York
gptkb:United_States_government gptkb:Countrywide_Financial_Corporation high-profile case cooperation with authorities |
| gptkbp:decidedBy |
gptkb:United_States_District_Court
|
| gptkbp:economicImpact |
billions in losses
|
| gptkbp:financials |
gptkb:Office_of_Thrift_Supervision
gptkb:Countrywide_Financial_Corporation loss of investor trust |
| gptkbp:hasPublications |
monitoring compliance with settlement terms
|
| gptkbp:historicalEvent |
part of larger financial crisis litigation
|
| https://www.w3.org/2000/01/rdf-schema#label |
United States v. Countrywide Financial Corporation
|
| gptkbp:impact |
mortgage lending practices
|
| gptkbp:involves |
gptkb:United_States
gptkb:Countrywide_Financial_Corporation |
| gptkbp:judges |
gptkb:Judge_Mariana_R._Pfaelzer
|
| gptkbp:jurisdiction |
federal court
|
| gptkbp:lawEnforcement |
court approval
|
| gptkbp:legalStatus |
gptkb:Department_of_Justice
financial regulations False Claims Act increased oversight reform initiatives |
| gptkbp:mediaCoverage |
extensive
|
| gptkbp:notableEvent |
gptkb:Dodd-Frank_Act
|
| gptkbp:notableFeature |
court records
several years settlement agreement $8.5 billion consumer relief impact on future regulations example of corporate accountability legal implications for banks ongoing discussions about financial ethics |
| gptkbp:outcome |
settlement
|
| gptkbp:patentClaim |
mortgage-backed securities
|
| gptkbp:precedent |
future mortgage fraud cases
|
| gptkbp:publicAccess |
consumer protection
housing market stability predatory lending practices criticism of financial institutions |
| gptkbp:reform |
mortgage industry regulations
|
| gptkbp:relatedPatent |
gptkb:United_States_v._Bank_of_America
|
| gptkbp:relatedTo |
financial crisis
|
| gptkbp:significance |
regulatory scrutiny
|
| gptkbp:tactics |
lack of intent
|
| gptkbp:team |
influence on future legal actions against financial institutions
|
| gptkbp:yearEstablished |
October 2008
|