New York to sue BofA, Wells Fargo over mortgage practices
By Karen Freifeld and Aruna Viswanatha NEW YORK (Reuters) – 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. Schneiderman issued the announcement, which suggests lawsuits could be filed against the banks within two months, ahead of a widely anticipated report from the monitor for the multi-state settlement, which is expected to be critical of banks. . . .
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