The mortgage-lender testing fiasco at the Department of Housing and Urban Development raises serious doubts about the government's hiring of outside contractors to do its police work.

As the Office of the Comptroller of the Currency readies a program of its own, it ought to seriously consider hiring its own testers or some local government agency to do what amounts to an undercover investigation.

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.