Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
NY Atty General Plans To Sue Over Two Banks' Servicing Violations
NEW YORK (5/7/13)--New York Attorney General Eric Schneiderman announced at a Monday press conference that he has plans to sue two banks over alleged repeat violations of terms of a settlement meant to prompt improvements of the banks' mortgage servicing practices (American Banker May 6).

The attorney general is reported to have said he will sue Wells Fargo and Bank of America over 339 servicing violations that his staff and consumer legal service providers have identified since October.

BofA and Wells Fargo were among five big U.S. banks that agreed to a $25 billion settlement back in February 2012. It was meant to address abusive mortgage servicing practices that lead to the now-infamous robo-signing of foreclosure documents.


RSS print
News Now LiveWire
Did you ask @CommonwealthCU CEO a fin. question on #heyKaren day? She'll answer #likeaboss http://t.co/2PgZAp9qu0 https://t.co/RySBvM4rBc
6 hours ago
Texans linebacker Cushing continues outreach, spokesman role for @FirstCommCU http://t.co/wIUGhn9okM
10 hours ago
Despite what consumers say, big banks still hold sway over market via @Marketplace http://t.co/ozH69d8soj
11 hours ago
Erie, Pa., Americo FCU CEO praises staff for actions during robbery http://t.co/yyhaPnDtXh
12 hours ago
"Shreditorial" praises good deeds of @DannemoraFedCU http://t.co/06qKe0mhzR
12 hours ago