More from the NY Attorney General: Schneiderman is set to sue Bank of America (BAC +2.2%) and...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

More from the NY Attorney General: Schneiderman is set to sue Bank of America (BAC +2.2%) and Wells Fargo (WAC +0.3%) for "repeatedly violating" the terms of the $26B mortgage settlement, reports the NYT. At issue are improvements in servicing standards such as ending the bureaucratic nightmare of loan mods or foreclosure relief. Schneiderman's office has reportedly documented 210 violations against Wells, and 129 against BofA since October.