04/02/2012 11:32 am ET

Federal Reserve Moves To Fine 8 Banks For Role In Foreclosure Crisis

Federal regulators are poised to crack down on eight financial firms that are not part of the recent government settlement over home foreclosure practices involving sloppy, inaccurate or forged documents.

Last week, a senior Federal Reserve official recommended fines for these additional firms, raising questions about how deep foreclosure problems run through the banking industry.

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