New York to Sue Wells Fargo and Bank of America Over Settlement Violations

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New York to Sue Wells Fargo and Bank of America Over Settlement Violations

New York to Sue Wells Fargo and Bank of America Over Settlement Violations

Exactly how many chances does a cartel get? Why aren’t we seeing their licensing being revoked and CEO’s going to prison? What will it take?

Nothing but window dressing once more…


NYT-

New York’s top prosecutor is poised to sue Bank of America and Wells Fargo over claims that they violated terms of a $26 billion mortgage settlement, according to several people briefed on the matter.

Eric T. Schneiderman, New York attorney general, paved the way on Monday for a lawsuit against both banks for “repeatedly violating” the terms of the National Mortgage Settlement, a sweeping pact brokered last year between five of the nation’s biggest banks and 49 state attorneys general over foreclosure abuses.

[NEW YORK TIMES]

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