Schneiderman is reportedly among the AG's that have not yet signed on to the $25 billion multistate settlement. He was scheduled to speak with reporters about the settlement at 6 p.m. But at 5:50 p.m., his office sent an email advisory that the call had been "postponed indefinitely." A spokeswoman for Schneiderman did not respond to a request for further information.
The New York AG has been among the most vocal critics of the settlement, which would provide roughly $17 billion in direct relief for borrowers. Some saw his recent appointment as the head of a special mortgage investigation unit as a way to bring Schneiderman back to the table, and allow him to pursue investigations related to the packaging and sale of residential mortgage-backed securities before the financial crisis.
Forty states had signed onto the deal as of Monday night, Iowa Attorney General Tom Miller said in a statement. Miller's office would not comment on which states had joined the agreement.
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