Government To Banks In Mortgage Settlement: We're Going To Keep An Eye On You

Government To Banks In Mortgage Settlement: We're Going To Keep An Eye On You

Lest they turn around act like the jerky big banks that they are, federal officials say they’re going to keep a watchful eye on five major banks as the final terms of a mortgage settlement were filed today in federal court. The $25 billion deal was announced in February and the government wants to make sure banks will offer wide housing relief to Americans like they promised. [More]