Large US Banks Met Deadline To Submit Plans To Fix Foreclosure Operations

WASHINGTON -(Dow Jones)- The largest U.S. banks have submitted plans to fix their troubled mortgage-servicing operations, responding to orders issued in April, a bank regulator said Wednesday.

The Office of the Comptroller of the Currency, which regulates national banks, said eight institutions--including Bank of America Corp. (BAC), J.P. Morgan Chase & Co. (JPM), Wells Fargo & Co. (WFC) and Citigroup Inc. (C).--have met a July 13 deadline for submitting detailed plans. The OCC will now review the banks' action plans, which will remain confidential, a spokesman said.

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