On June 1, 2015, the Department of Justice announced a settlement with a regional bank over allegations that the bank originated and underwrote mortgage loans that did not meet applicable requirements of the Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) insurance program. The settlement was previously announced by the regional bank’s press release, which was covered by Consumer Finance Enforcement Watch. The settlement resolves claims under the False Claims Act. As part of the settlement, the bank admitted that it certified loans from January 2006 through October 2008 for FHA insurance that did not meet HUD requirements. The bank also admitted that it became aware that a substantial percentage of its loans were ineligible for FHA insurance, but did not report any deficient mortgages to FHA. Under the settlement, the bank will pay the United States $212.5 million.