April 11, 2014
Cook County Board President Toni Preckwinkle and State's Attorney, Anita Alvarez, filed a lawsuit claiming predatory lending practices against, Bank of America and HSBC.
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Cook County Lawsuit Claims Predatory Lending Practices by Two Major Banking Institutions
Neighborhoods on Chicago’s south and west sides have numerous vacant and boarded up homes--some the result of the recent recession and some the result of predatory lending, according to Mayor Rahm Emanuel who made the comments during a recent conversation with the Chicago Citizen Newspaper.