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Banks to Pay $8.5 Billion in Fraud Settlement

Mon 07 Jan 13 | 11:00 AM ET
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Banks to Pay $8.5 Billion in Fraud Settlement

Mon 07 Jan 13 | 11:00 AM ET
CNBC's Diana Olick reports ten banks will pay a collective $8.5 billion to borrowers to settle foreclosure abuses. It's all part of a deal with the Federal Reserve and the Office of the Comptroller of the Currency.

Topics:

Banking  | Investing
 
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