Nationstar agreed to a $5 million settlement to resolve claims it sent incorrect automated clearing house, or ACH, entries to mortgage borrower bank accounts in April 2021.
The settlement benefits consumers whose mortgages were or are serviced by Nationstar and who were affected by the incorrect ACH debit and credit entries sent April 23, 2021.
In April 2021, mortgage borrowers with loans serviced by Nationstar allegedly experienced incorrect ACH debit and credit entries on their bank accounts. These inaccurate entries allegedly caused consumers to overpay on their mortgages and sustain other financial damages.
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