NY AG plans to sue Bank of America, Wells Fargo

Eric Schneiderman says banks violated terms of $25 billion foreclosure-abuse settlement

New York plans to continue cracking down on financial institutions responsible for the mortgage crisis.

New York Attorney General Eric Schneiderman plans to sue Bank of America (BofA) and Wells Fargo for purportedly violating terms of the record-breaking $25 billion foreclosure-abuse settlement that 49 states reached with the country’s five largest mortgage lenders in February 2012.

Ashley Post

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