The Washington State Department of Financial Institutions (DFI) announced today a settlement has been reached in a consumer protection case regarding Countrywide Home Loans (CHL) that has been ongoing for more than two years. In the settlement, DFI identified 123 victims of alleged discriminatory pricing. Each of these Washington residents will receive a settlement ranging from $997 to $26,176. The amount received depends upon the type of loan, the number of predatory features in the loan and whether or not the consumer was foreclosed upon. The full $650,000 settlement is being dispersed to the affected consumers. DFI is not retaining any of the settlement. For more information, visit http://dfi.wa.gov/consumers/news/2010/countrywide-settlement.htm .
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