NEWS FLASH

New York Attorney General Launches Investigation Into Possible Wrongful Foreclosures On Military Members | A recent report from the Treasury Department’s Office of the Comptroller of the Currency shows that ten of the nation’s banks may have illegally foreclosed on up to 5,000 members of the U.S. military. In response, New York Attorney General Eric Schneidermann — who has been aggressively looking into the banks’ fraudulent foreclosure practices — has launched an investigation using “the Martin Act, a powerful state law that gives prosecutors broad powers to investigate fraud.”