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JPMorgan, BofA Sued By Massachusetts Over Home Foreclosures

JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. were among five banks sued by Massachusetts for allegedly conducting unlawful foreclosures and deceiving homeowners.

Massachusetts Attorney General Martha Coakley filed the lawsuit today against the three banks, as well as Wells Fargo & Co. and Ally Financial Inc., in state court in Boston. She accused the banks of engaging in unfair and deceptive trade practices in violation of state law.