CitiMortgage, Wells lose bid to end lawsuit over credit reports

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CitiMortgage, Wells lose bid to end lawsuit over credit reports

CitiMortgage, Wells lose bid to end lawsuit over credit reports

Just wow!…I mean when are these fraudsters going to get shut down? What will it take?


Reuters-

Wells Fargo Bank and Citigroup’s mortgage unit must face claims that they violated federal law by falsely notifying credit reporting agencies that thousands of homeowners went through bankruptcies or foreclosures, a federal judge has ruled.

In an order on Monday, U.S. District Judge Janis Sammartino said consumers had offered enough facts to support their claims that Wells and CitiMortgage Inc gave inaccurate information to a credit reporting agency, hurting consumers’ ability to get new loans.

Mark Rodgers, a spokesman for Citi, denied the allegations and said the case is without merit. A spokesman for Wells did not immediately respond to a request for comment.

[REUTERS]

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