Bank Of America And Wells Fargo Fail!

New York’s Attorney General says the banks should probably expect a lawsuit within a matter of weeks. During a press conference, the AG alleged both BOA and Wells violated the terms of a 25 billion dollar pact involving 49 states and 5 of the biggest mortgage lenders. Basically, this pact was supposed to help struggling borrowers. The Attorney General’s office says they found more than 300 violations by Wells Fargo and Bank of America since October.


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