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July 11, 2013 AT 3:57 PM
Daniel Tarullo, a U.S. Federal Reserve official says the agency should consider releasing more information to the public when it takes enforcement actions against big banks for hurting consumers. Tarullo's comments, made at a hearing before the Senate Banking Committee, come in response to criticism over a settlement related to mistakes big banks made while processing foreclosures in the years after the financial crisis.