Lawmakers asks Fed to delay foreclosure deal for review
WASHINGTON (Reuters) – A U. S. congressional oversight panel asked regulators to delay a multibillion dollar mortgage settlement with 14 large banks so that the lawmakers could review the deal, according to a letter made available on Saturday. "We would like more information about how the potential settlement amount is to be determined in light of the potential wrongdoing identified to date," said the January 4 letter to Federal Reserve Chairman Ben Bernanke and the Comptroller of the Currency Thomas Curry. . . .
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