Fleeting Responsibility Abounds in 2013
January 30th, 2013
We were greeted in early January with yet another announcement about a settlement between regulators at the Office of the Comptroller of the Currency (OCC) and the Federal Reserve with 10 major U.S. banks concerning charges of abusive and faulty practices in the home foreclosure process. This time the amount was $8.5 billion. It included relief of varying amounts of money for those who were victimized in the process.