Columbus, Ohio (AP) - Ohio Attorney General Richard Cordray says he is filing a lawsuit against Ally Financial Inc. and its GMAC Mortgage division, alleging fraud that could involve hundreds of foreclosures in the state.
Cordray is asking for civil penalties of up to $25,000 for every violation of the state's consumer laws. He says the lawsuit is being filed Wednesday in
Cordray says he has asked for meetings with four other banks - JPMorgan, Bank of America, Wells Fargo and Citigroup - to find out more about their foreclosure processes.
GMAC Mortgage and two other companies have halted foreclosures in 23 states - including