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Fifth Third Bank To Pay $85M Over Defunct Mortgage Loans

By Dani Kass (October 6, 2015, 6:59 PM EDT) -- Fifth Third Bancorp and its subsidiaries have agreed to pay the government $85 million to settle a False Claims Act suit alleging the bank failed to tell the U.S. Department of Housing and Urban Development that it issued nearly 1,500 materially defunct residential mortgage loans, the U.S. Department of Justice announced Tuesday....

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