Consultant is under scrutiny for foreclosure-settlement mistakes

05/13/2013 | Wall Street Journal, The

Rust Consulting, the company charged with distributing checks to borrowers under the foreclosure-abuse settlement, is under scrutiny from regulators and lawmakers for its role in payment errors. Thousands of borrowers have received checks for the wrong amounts and checks that could not be cashed. "If regulators are going to outsource their responsibilities to independent consultants, the least they should do is demand competence," said Sen. Sherrod Brown, D-Ohio.

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Wall Street Journal, The

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