Did banks defraud veterans?

Thursday - 10/20/2011, 11:10am EDT

Bill Bransford, partner, Shaw Bransford and Roth

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More than a dozen banks are accused of defrauding veterans out of millions of dollars. A recently unsealed whistleblower lawsuit claims the banks hid illegal fees in veterans' home refinancing loans.

Bill Bransford, a partner at Shaw, Bransford and Roth joined the Federal Drive with Tom Temin and Amy Morris to discuss the latest developments.

Bransford discussed what veterans need to know about securing loans and what do if they feel they're being cheated.