Martha Coakley, the Massachusetts attorney general whose 2010 U.S. Senate loss cost Democrats a filibuster-proof majority, has been clawing back political respect by declaring a one-woman war on Wall Street’s role in the collapse of the housing market.
California and New York, along with Florida, agreed to join more than 40 other states in a nationwide settlement 16 months in the making that seeks to end abusive bank foreclosure practices that followed the collapse of the housing bubble, a person familiar with the matter said.
Martha Coakley, a Democrat, is seeking to become governor of Massachusetts, beginning a series of campaign events three years after Republican Scott Brown beat her in a U.S. Senate contest that she was favored to win.
Ocwen Financial Corp. agreed to pay $3.7 million to end a Massachusetts lawsuit claiming it didn’t give homeowners required notices and illegally foreclosed on properties, the state’s attorney general said.
A security breach involving a unit of credit-reporting company Experian Plc that allowed criminals access to Social Security numbers and other personal data of more than 200 million people is being investigated by Massachusetts, state Attorney General Martha Coakley said.