Gregoire Accuses Countrywide of Cheating Customers, State - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Gregoire Accuses Countrywide of Cheating Customers, State

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YAKIMA, Wash. -- At a conference in Seattle on Wednesday, Governor Christine Gregoire backed a decision to revoke the license of the Countrywide Financial Corporation.

Countrywide is accused of discriminatory and predatory lending practices. Gregoire said the company targets minority borrowers and has cheated the state out of roughly $5 million dollars.

The state's Department of Financial Institutions is seeking to impose a $1 million dollar fine against Countrywide for getting customers to take on risky home loans.

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