Rep. Frank seeks hearing on Ally Financial

12/8/2011 | Reuters

Rep. Barney Frank, D-Mass., has requested a hearing on mortgage-abuse claims at Ally Financial. The Massachusetts attorney general has asked that Congress investigate the situation. "Given Ally's significant role in the mortgage business and the federal government's considerable financial investment, a prompt investigation of this matter by the [House Financial Services] Committee is warranted," Mr. Frank wrote to Rep. Spencer Bachus, chairman of the committee.

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