John Suthers, Colorado’s attorney general, has announced that Colorado, along with seven other states, will get $23.7 million from Wells Fargo to put to rest allegations of “deceptive advertising and problematic lending practices of Wachovia and World Savings”. The allegations stem from the “Pick-a-Pay” loan program that offered an adjustable-rate mortgage (ARM) as part of the package. Colorado will receive Read full article »