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Released: January 24, 2012
Settlement with mortgage lenders “inadequate”
Source: Brady Dennis, Washington Post (Free Registration)
As Obama administration officials pushed Monday toward finalizing a deal with the nation’s largest banks over widespread foreclosure abuses, they encountered a fresh wave of criticism from a familiar source: Liberal activists and consumer advocates insisting that the president is settling too soon, for too little.
“We’re talking about not much more than a slap on the wrist,” Sen. Sherrod Brown (D-Ohio) said of the multibillion-dollar settlement, which has been under negotiation for more than a year.
Read Full Article: Settlement with mortgage lenders “inadequate”
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