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(Image from article: "Banks to be penalized for mishandling foreclosures, a regulator testifies")

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Banks to be penalized for mishandling foreclosures, a regulator testifies

Major U.S. banks are about to get penalized for "critical deficiencies" and shortcomings in how they handled foreclosures, a top federal regulator said Thursday at a Senate Banking Committee hearing examining the Dodd-Frank Act six months after its congressional approval.

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