40 years in legal administration services.



SOLUTIONS 


LEGAL SETTLEMENTS


GOVERNMENT SERVICES


DATA BREACH RESPONSE
 


REMEDIATION


RECALLS

Remediation

Remediation is an increasingly familiar word to banks and other financial institutions. Whether self-initiated or formally required by regulators through a memorandum of understanding, a consent order, or a settlement, companies are forced to analyze historical customer data and remediate any harm. 

Some companies try to manage their own remediations; others engage massive consulting firms for expensive guidance. Both approaches present their own challenges. For companies looking for a third option, Rust offers a right-sized, right-priced remediation solution: visit www.RustRemediation.com for a more complete look at remediation.

Representative Experience

  • In an ongoing multiyear program, one client has been able to efficiently offload to Rust the administrative burden of $134 million in checks disbursed.
  • To remediate a SCRA compliance concern, Rust helped our client develop and execute an efficient and effective project plan in which nearly 70% of eligible borrowers have submitted releases and received payments, helping to lessen the risks of litigation and regulatory action.
  • To compensate homeowners financially injured due to foreclosure process deficiencies, Rust has mailed roughly 4.2 million checks totaling approximately $3.6 billion.
  • Rust administered the largest residential fair lending settlement in U.S. Justice Department history. Valued at $335 million, it concerned an allegedly widespread pattern of discrimination against qualified African-American and Hispanic mortgage borrowers.


James Parks

Senior Vice President
612.359.2923
jparks@rustconsulting.com 

 




UPCOMING EVENTS

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Oct 19 - 21

WAPA Conference 2017

Oct 22 - 24

Privacy XChange Forum

Oct 26

27th Annual Golden State Antitrust, Unfair Competition and Privacy Law Institute & Antitrust Lawyer of the Year Reception and Dinner