OCC Settles Servicing Claims for a Paltry $394 Million (Actually $0 Million)

By: Thursday February 9, 2012 1:35 pm

If you thought the foreclosure fraud settlement was bad, get this: the Office of the Comptroller of the Currency, the weakest federal regulator in the financial sphere (I’ve taken to calling them the Office of Bank Advocacy), decided to use the cover of the big settlement to announce their fines in their consent order with big bank servicers.

 

The John Walsh-Liz Warren-Investors & Homeowners Cage Fight

By: Saturday February 26, 2011 6:00 pm

Apparently, the banksters think that $20 billion is just a “crazy figure” that will never be imposed. The actual homeowners affected by the banksters’ crime, however, believe it is “chump change.”

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