Federal Reserve Fines Five Banks to Wrap Up Mortgage Servicing Charges

Reuters, Jan. 12, 2018–Pete Schroeder
The Federal Reserve announced the fines against Goldman Sachs , Morgan Stanley, CIT Group, U.S. Bancorp , and PNC Financial as part of a broader effort to terminate enforcement actions begun in 2011 and 2012 against large banks for mortgage servicing shortcomings.