U.S. Banks to Pay $125,000 to Many Hurt in Foreclosures

U.S. banks including JPMorgan Chase & Co. and Citigroup Inc. will pay as much as $125,000 plus equity to individual customers most harmed by mishandled foreclosures in 2009 and 2010, according to a remediation plan released by federal regulators.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.