Payment Provider Fined $25 Million for Error at Servicer

National Mortgage News, June 27, 2023–Maria Volkova (subscription)
The Consumer Financial Protection Agency hit ACI Worldwide and its subsidiary ACI Payments with a $25 million fine Tuesday for illegally initiating withdrawals from borrower bank accounts totaling over $2.3 billion in April 2021.
https://www.nationalmortgagenews.com/news/cfpb-fines-aci-worldwide-25-million-for-mortgage-servicing-error?