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ACI Worldwide in $20 Million Settlement Over Mortgage Payment Mishap

ACI Worldwide in $20 Million Settlement Over Mortgage Payment Mishap

by Phil Hall | Oct 18, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

A coalition of attorneys general from 50 states and territories announced a $20 million settlement with payment processor ACI Worldwide related to a 2021 testing error that created the unauthorized withdrawal of $2.3 billion from customers of Nationstar Mortgage (also...
CFPB Enacts $25M Penalty Against ACI Worldwide for Servicing Errors

CFPB Enacts $25M Penalty Against ACI Worldwide for Servicing Errors

by Phil Hall | Jun 27, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) issued an order against Elkhorn, Nebraska-headquartered ACI Worldwide (NASDAQ:ACIW) and its subsidiary ACI Payments for improperly initiating approximately $2.3 billion in unlawful mortgage payment transactions....

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