Federal Crackdown on False Loan Claims Ensnares IberiaBank

by Mark Friedman  on Monday, Jan. 15, 2018 12:00 am   5 min read

IberiaBank of Lafayette, Louisiana, agreed in December to pay $11.7 million to settle allegations by Arkansas whistleblowers that it filed false claims for mortgage loan guarantees.  (Google Maps)

When IberiaBank Corp. agreed in December to pay $11.7 million to settle allegations by Arkansas whistleblowers that it filed false claims for mortgage loan guarantees, it became the first lender working in the state to join a lengthy roster of lenders that have settled similar allegations with the U.S. Department of Justice since 2011.

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