New York and Massachusetts AGs contemplate further litigation

The Attorneys General of New York and Massachusetts both assert that Bank of America Corp., JPMorgan Chase & Co., Wells Fargo & Co., Citibank, and Ally Financial Inc., the five major lenders which entered into a $25 billion settlement with 49 state attorneys general, have repeatedly violated parts of that settlement which could lead to the AGs reopening litigation against the lenders. The Massachusetts situation is reported in today's Globe while the New York case is covered by the Times.