Freddie Mac to Pay $3.8 Million to Settle With FEC
Freddie Mac has agreed to pay a record $3.8 million to settle a Federal Election Commission civil investigation into charges the GSE illegally used corporate resources to host lavish political fundraisers, many of which involved Rep. Michael Oxley, R-OH, chairman of the House Financial Services Committee. “The outcome in this matter once again shows the FEC’s commitment to vigorous enforcement of campaign finance law,” said FEC Vice Chairman Robert Lenhard. “It sends a clear signal…