Federal Reserve Chairman Ben Bernanke added weight to those efforts Monday by saying the central bank would look “intensively” at policies and procedures that might have allowed banks to seize homes improperly.
The Fed has the power to impose penalties on some of the nation’s largest banks. Still, most legal experts expect an investigation by attorneys general in all 50 states to have a swifter and more lasting impact.
via Fed throws its weight into foreclosure inquiry.
