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Commitments and Contingencies
6 Months Ended
Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Legal Proceedings
In April 2021, ACH files associated with one of the Company's mortgage servicing customers were inadvertently transmitted to a processing bank during a test of its ACH file production system. Reversal ACH files were promptly issued, restoring affected accounts.
The U.S. Consumer Financial Protection Bureau and various state regulatory agencies contacted the Company about this incident and the Company has furnished information to these authorities and is cooperating in their investigations. These investigations could result in material fines, penalties, and statutory damages as well as burdensome and costly injunctive remedies.

In addition, the Company has been named as a defendant in seven class action lawsuits filed in various federal courts purportedly on behalf of consumers whose mortgage accounts were affected by the inadvertent ACH file transmission. The complaints vary, but generally allege violations of federal and state statutes and claim that the Company is obligated to pay statutory and other damages to class members. The Company has entered into an agreement to settle all of these lawsuits. The agreement, which is subject to court approval and other conditions, involves the establishment of (i) a $5.0 million fund out of which payments would be made to class members and for attorneys’ fees and administrative costs, plus (ii) additional funds totaling $1.5 million that could be required to be established in certain circumstances. There can be no assurance that the conditions to settlement will be satisfied.

The Company has asserted claims for insurance coverage with respect to potential losses associated with this matter. There can be no assurance as to the amount of insurance that may be available.