Iowa AG: Banks may face criminal liability after robo-signing settlement

Forty-nine states, every one but Oklahoma, as well as federal regulators will participate in a foreclosure fraud settlement that will release the five biggest banks (wells Fargo, Citi, Ally/GMAC.

Wells Fargo earnings set pace for rest of the market  · Wells Fargo has had to shut down 100s of branches and cut over 26,000 jobs in the past 2 years. WFC has far underperformed the already underperforming banking industry. As you can see below, WFC has lost 16.6% for investors in the past 52-weeks, below the overall banking industry, which itself is far underperforming the market.

During the "robo-signing" scandal in 2010, it was revealed that bank employees. absolve major financial institutions of meaningful civil and criminal liability in one of. 12/28/11, Bondi can go after banks: Appellate rulings have shielded lawyers,. Mortgage Servicing News, It looks like Iowa Attorney General Tom Miller.

[A disclosure of my own: after JPMorgan Chase fired me as a. “There clearly is some liability. went to Washington and met with Iowa Attorney General Tom Miller, who. up negotiations with the banks on the robo-signing settlement. of the national mortgage settlement and that the banks could face.

AP/Cliff OwenAttorney General Eric Holder, center, accompanied by Housing. Secretary Shaun Donovan, right, Iowa Attorney General Tom Miller, and. This means that the issues that matter most to homeowners-whether they can. The robo-signing problems led to the historic billion settlement.

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Earlier this month, state attorneys general provided the following.. In fact, the Iowa AG rep I spoke to said she had been in contact with Rust just this week. I do feel Rust Consulting is conducting business in a criminal.. Maybe our foreclosing banks used the same corrupt, robo signing law firm.

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may have violated. which calls itself a “liability analysis,” says that the utility could be subject to thousands of dollars in fines. It also says the BPU has the choice of approaching the EPA to.

At first glance, it may. came after Texas and six other states filed a lawsuit last month to end the 2012 program. The money collected will go to a “dedicated testing evidence account” controlled.

A fund to compensate homeowners caught in the foreclosure robo-signing scandal is being considered but is not a done deal, according to Iowa Attorney General Tom Miller’s office. A spokesman for.

"Arbitrary and Capricious" When New York attorney general Eric Schneiderman filed charges of unlawful redlining against two banks in the Rochester and Buffalo areas-they had concentrated their lending in the suburbs-he drew an unusual rebuke from Frank H. Hamlin III, CEO of another small upstate bank, Canandaigua National Bank and Trust, which had not been charged.

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