VA Overcharged Disabled Vets on Home Loans: Inspector General

The Department of Veterans Affairs charged nearly 73,000 veterans improper home loan funding fees adding up to $286 million, an error that could result in refunds for the affected veterans. The VA Office of Inspector General released a report June 6 saying that, from Jan. 1, 2012, through Dec. 31, 2017, the VA improperly charged disabled veterans loan funding fees that they are not required to pay because of their disability status. About 53,200 veterans may be owed a total of $189 million, while an additional 34,400 veterans could receive refunds adding up to $164 million if the Veterans Benefits Administration, or VBA, doesn't fix the problem that resulted in erroneous funding fee charges, the report found. According to the IG, the VA was aware of the problem as early as 2014 but didn't act. Read more about the overcharges at Military.com.