President Obama has asked New York State Attorney General Eric Schneiderman to lead a special unit of federal prosecutors and state attorney generals tasked with investigating mortgage lending practices.  Mr. Schneiderman will co-chair the unit along with Lanny Breuer, Assistant Attorney General for the Criminal Division.

Many, such as New York Public Advocate Bill de Blasio, have praised AG Schneiderman for his commitment to fully investigating the allegedly fraudulent mortgage lending practices of many of the nation’s largest banks.

Read the entire article, “Eric Schneiderman to Lead Obama’s New Mortgage Abuse Unit”