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A Home Foreclosure Settlement Gets Watered Down
Bloomberg Businessweek: There’s new evidence that a $9.3 billion settlement to help homeowners is less beneficial than it might seem.
First, a little history. In 2011 the federal bank regulator, the Office of the Comptroller of the Currency, signed consent decrees with some of the U.S.’s major banks, ordering them to review their foreclosures and compensate borrowers where they found mistakes.
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