Massachusetts Attorney General Martha Coakley has filed a suit against Bank of America, JP-Morgan Chase, Citigroup, Wells Fargo and GMAC Mortgage, accusing them of “unfair and deceptive business practices.” She is seeking damages for borrowers who were hurt by these banks foreclosure practices, which range from filing fraudulent legal paperwork to the use of so-called “robo-signers” and refusing to follow lending laws. Louise Story, Wall Street and financial reporter for our partner the New York Times, has more about this action.
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