BBVA Compass Ordered to Pay $96.2 Million for Defrauding Texas Real Estate Developer
HousingWire, July 5, 2018–Ben Lane
BBVA Compass was ordered to pay more than $96 million to a Texas real estate developer and several associated business entities after a Dallas jury ruled that the bank committed fraud against the developer involving the financing of several high-end housing developments in the midst of the financial crisis. The company said it disagrees with the judgment and intends to appeal.
