Citigroup foreclosed on the home of an active-duty soldier who was serving in Iraq, according to a lawsuit filed by the veteran, Jorge Rodriguez. Reports Bloomberg,
CitiMortgage lawyers falsely said in an affidavit that Rodriguez wasn’t on active service at the time, depriving him of protection under the Servicemembers Civil Relief Act, or SCRA, according to the complaint. Rodriguez is seeking to have the suit certified as a class action against CitiMortgage on behalf of other service members whose homes were foreclosed...
Bank of America Corp. (BAC) and Morgan Stanley agreed in May to pay $22.4 million to resolve U.S. allegations that they improperly foreclosed on active-duty soldiers. JPMorgan Chase & Co. earlier agreed to a $56 million settlement of claims that it illegally overcharged military personnel on home loans...And, of course, no one will go to jail.
The. Banks. Are. Too. Big.
