TV News LIES

Sunday, Mar 26th

Last update11:03:56 PM GMT

You are here News Economy New York AG claims more proof of bank mortgage abuses

New York AG claims more proof of bank mortgage abuses

E-mail Print PDF

Wells FargoNew York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a settlement designed to end mortgage servicing abuses.

Schneiderman - who has said he plans to sue Bank of America and Wells Fargo for failing to live up to their obligations under the deal - said other states had found similar problems.

"Several other states have identified similar recurring deficiencies by the participating servicers," Schneiderman said in a letter dated May 23 to the monitor for the settlement, former North Carolina Banking Commissioner Joseph Smith. The letter was obtained by Reuters on Friday.

The $25 billion settlement was brokered last year between five banks and 49 state attorneys general. The other banks are JPMorgan Chase & Co, Citigroup Inc, and Ally Financial Inc. The banks agreed to provide relief to homeowners and comply with a set of servicing standards to atone for foreclosure misconduct.

More...


Most Recent Related Stories...


First Republic secures $30 billion rescue from large banks

First Republic BankFirst Republic Bank, facing a crisis of confidence from investors and customers, is set to receive...

Biden tells US to have confidence in banks after 2 collapse, including NY bank

President talks about bank failuresPresident Joe Biden insisted Monday that the nation’s banking system was safe, seeking to project calm...

Zuckerberg’s Meta to lay off another 10,000 employees

Mark ZuckerbergMark Zuckerberg’s Meta is laying off another 10,000 people and instituting a further hiring freeze as...

Yellen Says No Federal Bailout For Collapsed Silicon Valley Bank

Janet YellenTreasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!