Latest Foreclosure Settlement Panned By Critics For Letting Banks ‘Sweep Past Abuses Under The Rug’

Latest Foreclosure Settlement Panned By Critics For Letting Banks ‘Sweep Past Abuses Under The Rug’: pFederal regulators yesterday announced an $8.5 billion settlement with 10 of the nation’s biggest banks over various foreclosure abuses. According to the Office of the Comptroller of the Currency, “The sum includes $3.3 billion in direct payments to eligible borrowers and $5.2 billion in other assistance, such as loan modifications and forgiveness of deficiency judgments.” [...]/p