Wells Fargo outlines defense to DOJ mortgage-fraud lawsuit

Wells Fargo outlines defense to DOJ mortgage-fraud lawsuitBy Bernard Vaughan NEW YORK (Reuters) – Lawyers for Wells Fargo are arguing that the U.S. Justice Department lacked specifics in its mortgage-fraud claims against the bank and waited too long to bring the lawsuit, a closely watched case that relies on a once-obscure law created after the 1980s savings-and-loan scandal.

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