Federal Reserve Governor Duke has called on bankers to be more responsible about their credit activities and to implement measures to help control foreclosures.
FDIC has required more than 5,000 banks and savings and loans associations that received help from the first $350 billion of the Troubled Asset Relief Program in 2008 to report on how they were able to help foreclosure-troubled borrowers.
Federal Reserve Governor Elizabeth Duke has called on the U.S. government to limit the costs of foreclosures to prevent the increase in the number of distressed homeowners.
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