Monday, March 19, 2012

Federal Reserve to fine eight more banks on foreclosure violations


http://www.latimes.com/business/money/la-fi-mo-bank-fines-20120319,0,5598208.story

Eight large banks face will be fined by regulators for foreclosure abuses, the Federal Reserve official said Monday.

The banks -- EverBank, Goldman Sachs, HSBC North America, OneWest Bank, MetLife, PNC Financial Services Group, US Bancorp and SunTrust Banks -- face sanctions for "unsafe and unsound practices in their loan servicing and foreclosure processing," the Fed said.

No fine amounts were released Monday.

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