December 09, 2011 / BY CAMPAIGN STAFF California's 'top cop' investigates bank industry

When California ColorOfChange members went to the polls last year to help elect Kamala Harris as the state's Attorney General, this was exactly the type of bold action they were hoping Harris would deliver. Harris, California's first elected black DA and the nation’s first elected South Asian DA, announced this week that she would ally with Nevada's AG to investigate misconduct and fraud in the mortgage industry. In other words, Harris said 'no' to an in-the-works plan to let the big banks off with a $20 million settlement-- a slap on the wrist that in no way compensates for the devastation brought on by their predatory practices.

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