4/12/2013

Federal bank regulators are being too secretive about a review of foreclosure practices that involved outside consultants, some Senate Democrats said at a hearing Thursday. "Without transparency, we can't have any confidence -- either in your oversight or [that] the markets are functioning properly at all," said Sen. Elizabeth Warren, D-Mass. Regulators say they do not reveal information about the bank-oversight process and that they lack legal authority over consulting firms.

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