Last updated Sunday, November 23, 2014 01:34pm

The logo for Wells Fargo bank is pictured in downtown Los Angeles, California July 17, 2012. — Reuters picThe logo for Wells Fargo bank is pictured in downtown Los Angeles, California July 17, 2012. — Reuters picWASHINGTON, Oct 2 — The New York Attorney General plans to sue Wells Fargo today over failures to comply with the terms of the US$26 billion (RM84 billion) National Mortgage Settlement, according to a person familiar with matter.

At the same time, Bank of America confirmed it has separately struck an agreement with New York Attorney General Eric Schneiderman over similar types of alleged compliance problems.

Separately, a committee of 14 other states and federal authorities monitoring the settlement are also expected to announce agreements with both Bank of America and Wells Fargo to address similar compliance concerns over loan modifications and other issues, people familiar with the matter told Reuters. – Reuters

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