Reuters - U.S. banking regulators are reviewing foreclosure practices at large financial institutions and will publish a report on the issue next month, Federal Reserve Chairman Ben Bernanke said on Monday.
(Reuters) - The Federal Reserve chairman should not testify in the lawsuit by American International Group Inc's former chief Maurice "Hank" Greenberg against the United States over the insurer's 2008 bailout, the U.S. Department of Justice said.
The more people look at the abruptly-arranged settlement of the OCC/Fed foreclosure reviews, the more they realize something does not smell right.
Elijah Cummings and Elizabeth Warren have started an investigation of the settlement:
Today, Senator Elizabeth Warren (D-MA) and Rep. Elijah E. Cummings (D-MD) sent a letter to Federal Reserve Chairman Ben Bernanke and Comptroller of the Currency Thomas Curry seeking documents relating to their recent settlement with mortgage servicers that ended the Independent Foreclosure Review (IFR) process.