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Home » News » RMBS Working Group Head Defends Justice Dept. Settlements From Accusations of Misappropriation
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RMBS Working Group Head Defends Justice Dept. Settlements From Accusations of Misappropriation

February 13, 2015
Were Bank of America, Citi and Chase manipulated into making donations to Democrat-leaning housing advocacy groups as part of their recent mortgage settlements with the Department of Justice? That seemed to be the implicit question underlying the grilling of a key Justice Department official by Republican members of a House Judiciary subcommittee during a hearing this week that focused on the donations the three mega-banks were directed to make to housing counseling groups as part of their $36.6 billion settlement with the DOJ. “The concern is...
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