Us Bank Paying $13.5 Million To Settle Housing Lawsuit

LOS ANGELES (AP) — U.S. Bank has agreed to pay $13.5 million to settle Los Angeles city allegations that it let 170 foreclosed homes fall into decay. The city attorney's office announced the lawsuit settlement Thursday. In the wake of the housing crash, U.S. Bank acquired more than 1,500 foreclosed properties in Los Angeles, many vacant or in low-income areas. The city alleged that 170 were allowed to fall into disrepair in violation of city codes. In a statement, U.S.

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