SACRAMENTO, Calif., Aug. 11 -- The California Attorney General issued the following press release:
OAKLAND - California Attorney General Rob Bonta today, as part of a coalition of 10 attorneys general, filed a lawsuitto block the Trump Administration's latest effort to favor big business over working families. The lawsuit, filed in the U.S. District Court for the District of Oregon, challenges two rules by the Office of the Comptroller of the Currency (OCC) that invalidate state laws requiring mortgage lenders to pay interest on the money they require borrowers to deposit into escrow accounts to cover taxes and insurance. These laws are designed to prevent lenders from profiting from interest-free deposits at the borrower's expense and are...