NEW YORK -- A Justice Department official Monday railed against bankers and regulators as overreacting to the government's fair-lending investigations.

"I really deplore the scare tactics being used," said Paul H. Hancock, chief of Justice's housing and civil enforcement section. "I understand there is a very high level of tension in the industry, and we need to dissipate that tension."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.