The House Judiciary Regulatory Reform, Commercial and Antitrust Law Subcommittee will hold a hearing on Thursday at 10:30 a.m. ET, will hold an oversight hearing entitled “Consumers Shortchanged? Oversight of the Justice Department’s Mortgage Lending Settlements.” The hearing will examine startling terms in the Justice Department’s two recent mortgage-lending settlements with Bank of America and Citigroup, including a requirement that the banks donate over one hundred million dollars to a list of eligible activist groups. The hearing will also address a letter to Attorney General Eric Holder sent by House Judiciary Committee Chairman Bob Goodlatte (R-Va.) and House Financial Services Committee Chairman Jeb Hensarling (R-Tex.) on November 25, 2014. In the letter, the Chairmen asked the Attorney General why “the terms in the Justice Department’s two latest settlements look less like consumer relief and more like a scheme to funnel money to politically favored special interest groups.”
