General World News

Mr. Cooper sues ACI for damages related to unauthorized mortgage payments

Mortgage servicer Nationstar, doing business as Mr. Cooper, has filed a lawsuit against electronic payment processing vendor ACI Payments related to the damages it allegedly suffered from unauthorized mortgage payments imposed on its customers two years ago. 

In June, ACI Worldwide and one of its subsidiaries, ACI Payments, agreed to pay a $25 million civil penalty, without admitting any wrongdoing, for illegally processing $2.3 billion from nearly 500,000 homeowners serviced by Mr. Cooper, per a Consumer Financial Protection Bureau (CFPB) consent order. ACI also settled a consumer class action arising from the details ⇒

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