Today's Ideas & Actions

February 8, 2012

Newsroom

Campaign for America’s Future Applauds Schneiderman’s Lawsuit of the Big Banks to Address Mortgage Abuses

The Campaign for America’s Future welcomes the announcement that New York Attorney General Eric Schneiderman has initiated a lawsuit against the Bank of America, J.P. Morgan Chase, and Wells Fargo regarding their use of MERS [Mortgage Electronic Registration Systems]. As the Campaign for America's Future reported in October of 2010, MERS is a shell corporation that has been widely used to avoid paying registration fees or filing title information with local authorities when mortgages are bought, sold, or traded.

Continued »

More news releases »