Tuesday, May 2, 2017

Goldman Sachs nearing $650 million in consumer relief in $5 billion settlement

Goldman Sachs recently passed the one-third mark in its $1.8 billion consumer relief obligation that is part of the company’s $5 billion settlement reached in April 2016 over toxic mortgage bonds, the settlement’s monitor said in a new report. Part of Goldman Sachs’ most recent consumer relief is $240 million in donations to facilitate the construction, rehabilitation or preservation of affordable low-income rental or for-sale housing in seven states

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