The Senate Banking Committee has agreed to hold a hearing on the failure of IndyMac Bancorp Inc.
Sen. Charles Schumer, D-N.Y., requested the hearing in a July 13 letter to the panel's chairman, Chris Dodd, citing the regulatory issues IndyMac's failure raises.
The $32 billion-asset IndyMac was shut Friday by regulators. The OTS has blamed Sen. Schumer for causing a bank run, while the New York Democrat has blamed the agency.
Separately, the Associated Press said Wednesday that the FBI is investigating IndyMac Bancorp for possible fraud in connection with its mortgage loans. The news wire said the investigation is focused on the company and not individuals.
