PwC Reaches $335 Million settlement with FDIC over Taylor, Bean & Whitaker/Colonial Bank Audits
HousingWire, Mar. 18, 2019–Ben Lane
PricewaterhouseCoopers will pay $335 million to the Federal Deposit Insurance Corp. in a settlement that ends claims that the auditor failed in its duties by not discovering the accounting malfeasance that led to the late-2000s collapse of Colonial Bank, which funded the mortgages originated by Taylor, Bean & Whitaker.
