CFPB Fines ACI Worldwide $25M for Illegally Processing Mortgage Payments
In a first-of-its-kind enforcement action, the Consumer Financial Protection Bureau (CFPB) has ordered ACI Worldwide and one of its subsidiaries, ACI Payments, to pay a $25 million civil penalty for improperly initiating approximately $2.3 billion in unlawful mortgage payment transactions. According to the CFPB, this is the first enforcement action Read More