Banks to be accountable on foreclosures - Geithner

Reuters News
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Posted: Mar 21, 2011 3:35 PM

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner on Tuesday vowed to hold banks accountable for any improper actions they may have taken while processing paperwork for homeowners facing foreclosure.

"Those that have acted improperly will be held accountable," Geithner said in prepared testimony to the Senate Banking Committee.

(Reporting by Corbett B. Daly; Editing by James Dalgleish)