Gold Banc Corp., a Kansas banking company, agreed to pay $16 million to resolve claims it charged excessive interest rates and fees on federally guaranteed agricultural loans, court papers filed on Friday show.
Leawood, Kansas-based Gold Banc was accused of knowingly charging rates and fees on loans subject to two Farm Service Agency programs that were higher than what the bank charged typical farmers, violating the Federal False Claims Act. The FSA is part of the U.S. Department of Agriculture.
For this complete story, please visit Gold Banc to Pay $16 mln to Resolve Loan Claims.
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