Will the Proposed Banking Settlement Have Unintended Consequences?
Harvard Business Review
MARCH 29, 2011
According to a story in today's Huffington Post , the Consumer Financial Protection Bureau (CFPB) has estimated that the nation's five largest mortgage firms saved more than $20 billion since the housing crisis began in 2007 by "taking shortcuts in processing troubled borrowers' home loans" and by "under-serving distressed homeowners."
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