NY AG Says Wells Fargo Is Violating Mortgage Deal

Law360, New York (October 2, 2013, 12:47 PM EDT) -- A day after announcing that Bank of America Corp. would make sweeping changes to comply with the terms of a national settlement tied to mortgage-lending abuses, New York's attorney general targeted Wells Fargo & Co. on Wednesday for what he called broad violations of the $25 billion accord.

In a motion filed in Washington, D.C., federal court, where the so-called national mortgage settlement was approved in April, New York Attorney General Eric T. Schneiderman said the San-Francisco based Wells Fargo engaged in widespread breaches of its...
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