office of the comptroller of the currency

10 Top Banks Agree to Pay $8.5 Billion for Foreclosure Abuses

Ten major banks and mortgage companies have agreed to pay $8.5 billion to settle complaints that they wrongfully foreclosed on homeowners. Under the settlement, people who were wrongfully foreclosed on could receive from a few hundred dollars up to $125,000.

HSBC to Pay $1.9 Billion to Settle Money-Laundering Case

HSBC agreed Tuesday to pay $1.9 billion to settle a U.S. money-laundering probe. Europe's largest bank will pay the biggest penalty ever imposed on a bank after facing accusations it transferred funds through the U.S. from Mexican drug cartels and on behalf of nations such as Iran that are under international sanctions.

Payments for Bad Foreclosures Are No Undeserved Windfall

Since the housing crash, millions of Americans have lost their homes, many of them victims of improper foreclosures. Now, those unfairly evicted homeowners can get cash payments in compensation. But don't be concerned that they're getting more than they deserve.

Robo-Signing: California Dems Call for Federal Probe

The state's entire House Democratic delegation has asked the Justice Department, the Fed and Controller of the Currency to investigate the widespread -- and growing -- problem of banks presenting faulty documents in foreclosure cases.

Legal Briefing: Will Banks Have to Refund Overdraft Fees?

A judge ruled that Wells Fargo has to pay its customers restitution for processing checking-account transactions in a way that makes the most charges bounce and maximizes overdraft fees. Other banks have also been sued over this issue.