Jan
03

Mnuchin’s Bank Broke Foreclosure Rules, Leaked AG’s Memo Says

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  • Trump Treasury pick ran OneWest Bank during California probe
  • Memo leaked to the Intercept urged suit that was never filed

A bank run by Steven Mnuchin, President-Elect Donald Trump’s pick to be Treasury secretary, may have engaged in “widespread misconduct” while foreclosing on homeowners, according to a leaked 2013 memo written by lawyers in the California attorney general’s office.

The memo urged top officials in then-Attorney General Kamala Harris’s office to sue OneWest Bank over the allegations, which included backdating mortgage documents to speed up foreclosures and manipulating the results of home auctions. Harris didn’t pursue the case, according to the Intercept, which published the memo on Tuesday. The memo doesn’t say Mnuchin took part in or even knew about alleged misconduct…

Mnuchin’s Bank Broke Foreclosure Rules, Leaked AG’s Memo Says

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