WASHINGTON (Legal Newsline) -- The Securities and Exchange Commission has charged Wells Fargo's brokerage firm and a former vice president for selling mortgage-backed securities investments without "fully understanding their complexity or disclosing the risks to investors."
Madigan WASHINGTON (Legal Newsline) - Illinois Attorney General Lisa Madigan and the U.S. Department of Justice announced a $175 million joint settlement on Thursday with Wells Fargo over allegedly discriminatory lending practices.
Schneiderman WASHINGTON (Legal Newsline) - Five of the nation's largest banks have agreed, in a federal court filing this week, to pay the state of New York $25 million to settle claims over their use of a private national mortgage electronic registry system.
Pruitt OKLAHOMA CITY (Legal Newsline) - Oklahoma Attorney General Scott Pruitt is defending his decision not to join a multistate agreement between other state attorneys general and the nation's five largest banks.
Schneiderman NEW YORK (Legal Newsline) - New York Attorney General Eric Schneiderman filed a lawsuit on Friday against several of the country's biggest banks.
Miller DES MOINES, Iowa (Legal Newsline) - A spokesman for Iowa Attorney General Tom Miller says that despite last week's meeting, there is no settlement in a nationwide investigation of the foreclosure practices of the nation's top mortgage servicers.
Gansler BALTIMORE (Legal Newsline) - Maryland Attorney General Doug Gansler and Wells Fargo have settled allegations stemming from the marketing of adjustable rate mortgages.
CHARLOTTE, N.C. (Legal Newsline) - Twenty-six state attorneys general have reached a $58.75 million agreement with Wachovia Bank N.A., they announced Thursday.
Harris DES MOINES, Iowa (Legal Newsline) - Sources say Iowa Attorney General Tom Miller, who is heading up the ongoing talks with banks over their mortgage foreclosure practices, is trying to convince California Attorney General Kamala Harris to return to the negotiating table.
Coakley BOSTON (Legal Newsline) -- Massachusetts Attorney General Martha Coakley is being pressured to reject a settlement with the nation's top mortgage servicers.
Harris SACRAMENTO, Calif. (Legal Newsline) - California Attorney General Kamala Harris has reportedly subpoenaed Bank of America Corp. over risky mortgage-backed investments it allegedly sold.
Masto CARSON CITY, Nev. (Legal Newsline) - Nevada's Catherine Cortez Masto is the latest attorney general to voice concerns over a possible settlement with the country's top mortgage servicers.
Jepsen HARTFORD, Conn. (Legal Newsline) - Connecticut Attorney General George Jepsen announced an agreement on Wednesday with Wells Fargo Bank for alleged deceptive marketing of adjustable rate mortgage loans.
Jepsen HARTFORD, Conn. (Legal Newsline) - Connecticut Attorney General George Jepsen is looking to meet with four of the country's top lenders, concerned that their mortgage servicing falls short.
Sam Olens ATLANTA (Legal Newsline) -- Georgia Attorney General Sam Olens says he is opposed to a national settlement with mortgage servicers that would force state attorneys general to conduct principal write-downs.
Dow NEWARK, N.J. (Legal Newsline) - New Jersey Attorney General Paula Dow announced on Monday that the state's Bureau of Securities has signed final consent orders with two investment companies over auction rate securities.
WASHINGTON (Legal Newsline) - State attorneys general could be nearing a settlement with top U.S. banks over the foreclosure crisis, according to reports.
Spitzer ALBANY, N.Y. (Legal Newsline) - New York's highest court ruled earlier this month that insurance brokers did not have to tell their customers about incentive agreements they had with insurance companies.
Gants BOSTON (Legal Newsline) - The Massachusetts Supreme Court, in a ruling last week, agreed with a lower court judge that U.S. Bank and Wells Fargo did not demonstrate they were the holders of two mortgages when they foreclosed on the properties.