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Bank of America, Wells Fargo see fines, actions on foreclosures

Bank of America Corp. and Wells Fargo & Co., the largest U.S. mortgage firms, said they may face fines or enforcement actions from regulators amid investigations into foreclosure procedures.
The probes may also lead to “significant legal costs,” Charlotte, N.C.-based Bank of America said yesterday in its annual report to the Securities and Exchange Commission. Wells [...]

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