Two Banks Agree on Fines to End OCC Foreclosure Enforcement

  • U.S. Bancorp will pay $10 million, Santander $3.4 million
  • Lenders were among several failing to meet earlier accords

U.S. Bancorp will pay $10 million and Banco Santander SA agreed to turn over $3.4 million to settle Office of the Comptroller of the Currency complaints over missteps in how the banks handled regulators’ orders to fix faulty foreclosure practices.

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