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SunTrust Ordered to Pay $1.4M

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The Financial Industry Regulatory Authority said Thursday that it ordered SunTrust to pay $1.4M to resolve charges related to transactions involving 17 mostly elderly or ...

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What the Mortgage Settlement Means to Banks
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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover

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