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Federal regulators to give mortgage lenders bigger legal shield

December 18, 2012 04:30PM

Despite the numerous abuses and discriminatory practices U.S. banks have been accused of since the recession began, federal regulators are about to give big banks protection against homeowner lawsuits, the New York Times reported. The Consumer Financial Protection Bureau will soon complete new mortgage rules that are intended to help the housing market continue to grow. By shielding banks from lawsuits, they hope to give banks an incentive to build higher quality home loans[more]