New York AG to sue Wells Fargo and Bank of America

NEW YORK, May 6 (Reuters) – New York Attorney General Eric Schneiderman on Monday said he plans to sue Bank of America Corp and Wells Fargo and Co over their mortgage practices.

New York Attorney General Eric Schneiderman said Monday he intends to sue Bank of America and Wells Fargo, saying they violated terms of last year’s $25 billion mortgage settlement. Schneiderman said.

Attorney General Eric T. Schneiderman announced Monday his intention to sue Bank of America and Wells Fargo for repeatedly violating the terms of the National Mortgage Settlement.

Boycott Wells Fargo Bank New York Attorney General Eric Schneiderman said on Monday he plans to sue Bank of America Corp and Wells Fargo and Co for violating the terms of a settlement designed to end mortgage servicing abuses.

New York to sue Bank of America, Wells Fargo over mortgage practices. Bank of America and Wells Fargo are among five banks that agreed to the settlement in February 2012. At the news conference, Schneiderman declined to say whether the other three banks – JPMorgan Chase & Co, Citigroup Inc and Ally Financial Inc – could face similar lawsuits, but said his announcement had "implications" for the other servicers.

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New York AG To Sue Bank Of America, Wells Fargo Over Alleged Violations Of National Mortgage Settlement. In a letter [ PDF] to various attorneys general who make up the monitoring committee for the settlement, Schneiderman alleges that Wells and BofA have failed, in hundreds of instances, to follow the servicing standards set out by the agreement,

For a general overview of the activities of the current company see the main entry under Wells Fargo. This article outlines the history of Wells Fargo & Company from its origins to its merger with Norwest Corporation and beyond. The new company chose to retain the name of "Wells Fargo" and so this. The New York City branch remained until the Wells Fargo & Company bank.

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New York state attorney general eric schneiderman announced Monday plans to sue Bank of America and Wells Fargo for repeatedly violating the terms of the National Mortgage Settlement.

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As exposed in the New York Times last week, about half of the roughly 2,300. With major institutions like Chase, Wells.

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