Cook County, Illinois Files Lawsuit Against HSBC, Bank of America, Countrywide and Merrill Lynch for Predatory and Discriminatory Mortgage Lending Practices
Cook County Board President Toni Preckwinkle and State’s Attorney Anita Alvarez today filed lawsuits on behalf of Cook County against HSBC, Bank of America and Bank of America subsidiaries including, Countrywide and Merrill Lynch, alleging that their predatory and discriminatory mortgage lending and loan servicing activities violated the Fair Housing Act.
The complaints assert that these financial institutions’ activities, in part, led to the foreclosure crisis throughout Cook County.