National Consumer Law Center

CNN’s Ali Velshi sheds light on bank foreclosure payback

U.S. banks have taken another step to clear away the wreckage of the 2008 financial crisis. JPMorgan Chase, Bank of America, Wells Fargo and seven other banks have agreed to pay $8.5 billion to homeowners who were wrongfully thrown out of their homes.

01/08/2013

(AP Photo)

10 banks agree to pay $8.5B for foreclosure abuse

WASHINGTON (AP) — Ten major banks and mortgage companies agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

01/07/2013

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