Alan Zibel, Wall Street Journal

U.S. bank regulators are making another attempt to dole out about $380 million in unspent money that has been set aside to reimburse consumers for foreclosure-related abuses.

The Federal Reserve and Office of the Comptroller of the Currency said Wednesdaythey are mailing out reissued checks to borrowers whose homes were in foreclosure in 2009 and 2010. These borrowers are entitled to compensation under a 2013 settlement.

The payments, which are going out this week, range from several hundred dollars to more than $125,000, the regulators said.  As of last month, more than 3.4 million checks worth $3.1 billion have been cashed or deposited. But nearly 600,000 checks have expired and are being reissued, in some cases to update addresses, regulators said.

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