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Calls OCC action a step in the right direction, says continued enforcement is still needed

(Washington, D.C.) – U.S. Senator Jeanne Shaheen (D-NH) released the following statement regarding the announcement that the Office of the Comptroller of the Currency (OCC) is taking enforcement action against national financial companies for unsafe and unsound foreclosure practices. More information from the OCC can be found here:

“We need big banks to start treating homeowners fairly and that’s why I have repeatedly called for them to improve their foreclosure practices. I hope today’s OCC action results in an improvement for the hundreds of constituents I’ve heard from who are trying to save their homes and helps stabilize housing prices for all homeowners.  This is a step in the right direction. I will continue to explore solutions in the Senate that will do a better job of holding big banks accountable, while working aggressively with them in New Hampshire on behalf of constituents. “

Senator Shaheen’s office has handled more than 600 foreclosure-related constituent cases in the past year. It is the number one issue that constituents contact Senator Shaheen’s office about for help.