There is growing evidence Bank of America (BAC), JPMorgan (JPM), Citigroup (C), and Ally...

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

There is growing evidence Bank of America (BAC), JPMorgan (JPM), Citigroup (C), and Ally Financial violated the terms of the mortgage servicing abuse settlement, according to NY AG Schneiderman. In a letter to the settlement monitor (obtained by Reuters), Schneirderman says other states "have identified similar recurring deficiencies." The AG considers the letter to have started the clock on a "waiting period" necessary before a lawsuit may be filed.