The White House provided an outline to the Huffington Post, and it appears that immunity has largely been removed from the deal—except in the area of state prosecutions against robo-signing. (Robo-signing is when banks use fake signatures, or stipulate to documents they hadn’t read or that didn’t exist, in order to foreclose on a home).
According to the Huffington Post story, banks would not receive immunity in the following areas:
• Criminal liability
• Tax liability
• Fair lending, fair housing, or any other civil rights claim.
• Federal Housing Finance Agency or the GSEs [Fannie Mae and Freddie Mac]
• CFPB claims for the period after they came into existence in July 2011
• SEC claims
• National Credit Union Association Claims
• FDIC claims
• Federal Reserve Board claims
• MERS claims
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