A House oversight panel wants to review a proposed settlement between 14 banks and federal regulators over improper foreclosure practices.
The Committee on Oversight and Government Reform, which has conducted hearings on foreclosure abuses, wrote a letter Friday to Fed Chairman Ben Bernanke and the Office of the Comptroller of the Currency asking to see any proposed settlement before it is agreed to. In the letter, the committee asks for more information about how the settlement amount is to be determined. A comptroller spokesman declined to comment, and a Federal Reserve spokesman did not return a message.
The settlement had been expected as early as this weekend and total $10 billion. The agreement is designed to hold mortgage lenders responsible for widespread abuses such as processing foreclosures without verifying documents.
Katie Pavlich - WATCH: Sheriff David Clarke Takes on Cop Killer Advocate on CNN
'More playful than anything': #BlackFair participant puts 'Pigs in a blanket' chant 'in context'
10mm Underwood Extreme Penetrators Vs Bulletproof Glass - Bearing Arms - 10mm, Underwood, Video
Showdown in Jackson Hole: The Fed Challenged on its Own Turf in Wyoming by Group Likely to Finally Start Dismantling It | Human Events
The Federalist: Smoking guns in latest Hillary e-mail release? Update: Another? - Hot Air
President Obama, Commute Sharanda Jones' Sentence | RedState
Nick Adams - Not a Single Illegal Immigrant in 7 Months... In Australia