Tag: too big to fail

More payola from the big banks

The top 10 mortgage servicers in the U.S. have reached an $8.5 billion settlement with the Federal Reserve (the Fed) and the Office of the Comptroller of the Currency (OCC). The settlement will put a halt to the sweeping federal review of lender foreclosure abuses. Regulators claim the settlement was reached since it meets the review’s original objectives.

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