Countrywide, acquired by the Charlotte, N.C.-based Bank of America in the wake of the 2008 financial collapse, accounts for most of the allegations of wrongdoing against BofA. Damian Dovarganes/AP hide caption

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Damian Dovarganes/AP

The Citigroup Center is viewed in midtown Manhattan. Critics say the U.S. settlement with the banking giant will do nothing for those hurt most by the foreclosure crisis: people who lost their homes. Timothy A. Clary/AFP/Getty Images hide caption

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Timothy A. Clary/AFP/Getty Images