As NY Targets Wells Fargo, Other AGs Wait In Wings

Law360, New York (October 2, 2013, 7:25 PM EDT) -- New York's move to sue Wells Fargo & Co. over concerns that it is flouting a $25 billion mortgage-lending abuse settlement comes as some states hang back, hoping the bank's vows to do better will bear fruit faster than litigation, but sources said Wednesday the filing won't be the last if prosecutors elsewhere run out of patience with promises.

Lawyers who follow the dynamic between big banks and homeowners at the ground level say the abuses they see in New York might be replicated across the...
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