Assistant Attorney General Thomas Perez cut an inappropriate deal with city officials in Saint Paul, Minn., in order to convince them to drop an appeal that the Supreme Court was scheduled to hear and that might have benefited banks, according to top GOP lawmakers.

In a letter Monday to Attorney General Eric Holder, GOP Rep. Patrick McHenry and three Republican colleagues alleged that Perez, who heads the Justice Department's Civil Rights Division, essentially bought off the city with a quid pro quo.

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