Mortgage servicer Nationstar, doing business as Mr. Cooper, is expected to settle a lawsuit with electronic payment processing vendor ACI Payments that is related to alleged damages from unauthorized mortgage payments imposed on Mr. Cooper’s customers three years ago.

The settlement notice was filed Aug. 30 in a U.S. district court in Texas. Mr. Cooper notified the court that “the parties have reached an agreement in principle to settle the litigated claims in this case in full.” 

Mr. Cooper also requested that all deadlines remain pending until the formal settlement is completed, which is details ⇒

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