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
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
5 hours ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
6 hours ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
7 hours ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
7 hours ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
8 hours ago