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M&T Bank To Pay $64M To Resolve False Claims Act Concerns

By John Kennedy (May 13, 2016, 3:58 PM EDT) -- M&T Bank Corp. will pay the U.S. $64 million to resolve allegations that it violated the False Claims Act by knowingly originating Federal Housing Administration-insured mortgage loans that didn't meet federal requirements, causing the government to lose millions when those loans defaulted, the U.S. Department of Justice said Friday....

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