Press Release

February 13, 2012 The Federal Reserve Board releases orders related to the previously announced monetary sanctions against five banking organizations For immediate release Share The Federal Reserve Board on Monday released the orders related to the previously announced monetary sanctions against five banking organizations for unsafe and unsound processes and practices in residential mortgage loan servicing and processing. The Board reached an agreement in principle with these organizations for monetary sanctions totaling $766.5 million on February 9, 2012. Attachments: Ally Financial Inc. (PDF) Bank of America Corporation (PDF) Citigroup Inc. (PDF) JPMorgan Chase & Co. (PDF) Wells Fargo & Company (PDF) For media inquiries, call 202-452-2955

Federal Reserve (2012, February 12). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20120213_the_federal_reserve_board_releases_orders_related

@misc{wtfs_press_release_20120213_the_federal_reserve_board_releases_orders_related,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2012},
  month = {Feb},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20120213_the_federal_reserve_board_releases_orders_related},
  note = {Retrieved via When the Fed Speaks corpus}
}