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News Link • Criminal Justice System

Bank of America weighs foreclosure deal

• Reuters
Bank of America Corp may settle a state and federal probe of foreclosure practices in a deal that lets New York proceed with an inquiry into securitizations, Bloomberg reported citing two people with direct knowledge of the matter.

The firm may pursue an accord with most of the 50 state attorneys general, even if it omits New York's attorney general Eric Schneiderman, said one of the people, Bloomberg reported.


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