- Wells Fargo (WFC -0.3%) had tried to convince a federal court that 2012's multi-bank mortgage settlement barred the government from suing again over home lending practices, but a three-judge panel says the settlement gives the government the right to pursue further action.
- The ruling is likely to increase pressure on the bank to settle a FHA mortgage lawsuit filed in October 2012.
From other sites
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Bank Stock Roundup: Streamlining & Litigations Continue; Citigroup, Wells Fargo in Focus - Analyst Blogat Zacks.com (Mar 27, 2015)
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