Politico: Senators seek halt to foreclosures

A group of Democratic senators are calling for JPMorgan Chase and Ally Financial to halt their foreclosure operations just hours after Bank of America, the country's largest bank holding company, announced it would freeze its foreclosures in all 50 states indefinitely.

Bank of America's decision Friday came on the heels of news Thursday that President Barack Obama will refuse to sign legislation that was widely believed to provide cover to lenders who might be engaging in fraudulent foreclosure practices.

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