Top Dems Demand Answers On Failed Foreclosure Reviews

Law360, New York (November 18, 2013, 4:20 PM EST) -- Top congressional Democrats on Monday renewed pressure on the Federal Reserve and the Office of the Comptroller of the Currency to provide more of an explanation into the collapse of a troubled foreclosure review program and its replacement with a multibillion-dollar settlement.

In a letter to the Fed and the OCC, Rep. Maxine Waters, D-Calif., Rep. Elijah Cummings, D-Md., and Sen. Elizabeth Warren, D-Ma., asked the two agencies for an update on their probe into the failure of the Independent Foreclosure Review Process, an April 2011...
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