Press ReleasesMay 21, 2012
Update on Countrywide Fair Lending Settlement
The Civil Rights Division of the Department of Justice wants to update you on the process to distribute proceeds from the $335 million victim fund created as part of the Department of Justice’s December 2011 lending discrimination settlement with Countrywide.
This week we posted a notice to our website in English and Spanish announcing that Rust Consulting, Inc. will serve as the Independent Settlement Administrator for contacting borrowers eligible to receive payments. As explained in the notice, Countrywide, the Department of Justice, and Rust are working cooperatively to identify borrowers entitled to payments from the settlement fund.
The process of notifying borrowers likely will begin in the mid-to-late summer of 2012. The Department will make a public announcement when Rust begins to contact identified borrowers by mail and phone.
Individuals with questions about the United States v. Countrywide Financial Corporation settlement may contact Rust, in English or Spanish, by telephone at 1-800-843-5148 or by email at info@CWFLSettlement.com.