Among the lenders and loan servicing companies included in the ruling are Bank of America Corp. (NYSE: BAC), Citigroup Inc. (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Co. (NYSE: WFC), PNC Financial Services Group Inc. (NYSE: PNC), and HSBC Holdings plc (NYSE: HBC).
Under the terms of the 2011 settlement, borrowers who are judged to have been wrongfully foreclosed may receive a suspension or rescission of the foreclosure, a loan modification, correction of credit reports, correction of deficiency amounts or records, or a lump sum payment that can range from $500 to $125,000.
Paul Ausick
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
