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Maryland settles with ACI Worldwide for unauthorized mortgage transactions from customer accounts

Posted on by Chris Montcalmo

BALTIMORE, MD—The Maryland Department of Labor along with 43 state agencies across the nation have announced a legal settlement with ACI Worldwide for erroneously initiating electronic transactions for mortgage loans serviced by Mr. Cooper (formerly known as Nationstar Mortgage, LLC) from the accounts of 480,000 consumers throughout the United States. “We want all Maryland businesses and residents to understand the […]

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Attorney General Brown announces $10 million multistate settlement with ACI Worldwide over attempted unauthorized withdrawals from consumer accounts

Posted on by Chris Montcalmo

BALTIMORE, MD—Maryland Attorney General Anthony Brown has joined a coalition of 49 Attorneys General announcing a $10 million settlement with payment processor ACI Worldwide over a 2021 testing error that led to the attempted unauthorized withdrawal of $2.3 billion from the accounts of mortgage-holders. The settlement includes injunctive relief designed to prevent a similar incident in the future. ACI Payments, […]

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