Senate Banking Committee | featured news

Banks to be penalized for mishandling foreclosures, a regulator testifies

Banks to be penalized for mishandling foreclosures, a regulator testifies

Major U.S. banks are about to get penalized for "critical deficiencies" and shortcomings in how they handled foreclosures, a top federal regulator said Thursday at a Senate Banking Committee hearing examining the Dodd-Frank Act six months after its congressional approval.

 

Dodd offers protection from bank overdraft fees

Bank customers who overdraw their checking accounts would get new protections from excessive penalties under legislation proposed Monday by the Senate banking committee chairman.

 

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