Mr. Perez also challenged voter identification requirements imposed by South Carolina and Texas, and his division reached the three largest residential fair lending settlements in the history of the Fair Housing Act.
At $440 million, Citigroup paid the lion's share of the $1.4 billion settlement and its recently purchased Associates First Capital group (now part of CitiFinancial) was smacked with one of the largest-ever predatory lending settlements last fall.
B9 BUSINESS DAY C1-12 Predatory-Lending Settlement A home equity lender, First Alliance Mortgage, agreed to pay as much as $60 million in compensation to 18,000 people whom it is accused of deceiving by concealing extremely high fees and escalating interest rates.
The states had sued alleging consumer fraud; it's the largest predatory-lending settlement in history.
It could be that her £7m divorce settlement lends her the luxury of magnanimity, but not only did she say in a recent newspaper interview that she feels sorry for her persistently promiscuous ex-husband, she spoke with extraordinary generosity about his "love child" with the Brazilian model Luciana Morad.
Sallie Mae, the embattled student lending giant, reached a settlement on Sunday over its scuttled $25 billion buyout, ending months of legal fighting that had cast a cloud over the company, according to people briefed on the agreement.
In California, Attorney General Harris is leading a fight to make permanent the settlement's lending reforms, which will now expire in 2015, by writing them into state law.
A prime example is a settlement over predatory lending that was reached by Countrywide Financial in 2008.
Still, Bank of America last week announced a similar program of its own, albeit as part of a legal settlement over predatory lending charges.
With issues surrounding structured finance vehicles for Enron, allegations of improper IPO allocation and a possible $200 million settlement for predatory lending practices (in another unit of the company), Carpenter was an obvious fall guy for Citigroup.
