Throwdown! Connecticut Sues Countrywide For Deceptive Lending

Throwdown! Connecticut Sues Countrywide For Deceptive Lending

Someone ring a bell because Connecticut Attorney General Richard Blumenthal has just sued Countrywide (and, of course, Bank of America) for deceptive lending practices. They’re seeking damages of $100,000 for each violation, as well as “up to $5,000 per violation of state consumer protection laws, disgorgement of all ill-gotten gains and an order compelling the company to cease its illegal practices.”