facebooktwitterRSS
- Advertisement -
- Advertisement -
 

« News Home

Warren mayor wants banks to pay cities



Published: Wed, July 16, 2014 @ 10:40 a.m.

WARREN

Mayor Doug Franklin and other Ohio mayors are collectively urging the U.S. Justice Department to consider the damage that was done to cities like Warren in future settlements with financial institutions that carried out abusive lending practices leading to the meltdown of the U.S. housing market.

Franklin, in a letter sent last week, said the recent $13.4 billion settlement with JP Morgan Chase & Co. provided zero compensation for Ohio cities so that they can continue to carry out demolitions of abandoned homes.

He hopes the Justice Department will “consider the needs to Ohio communities” as it completes a pending settlement with Bank of America.

For the complete story, please see Thursday's Vindicator or vindy.com


Don't Miss a Story

Sign up for our newsletter to receive daily news directly in your inbox.

News
Opinion
Entertainment
Sports
Services
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2016 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes