The enforcement actions are cease and desist orders and are legally enforceable in federal court. The enforcement orders require, among other things, the mortgage servicers to submit corrective action plans addressing the errors discovered during the targeted reviews and to implement practices designed to prevent future abuses in the loan modification and foreclosure process. The plans must be acceptable to the Federal Reserve.
Why are the ECB and the national central banks ignoring bitcoin and other cryptocurrencies, which are being increasingly used for trade? We aren’t ignoring them. At the moment crypto-currencies don’t pose any monetary risk because the amounts involved are marginal. They are speculative financial instruments which create risks of a financial or even criminal nature.