WASHINGTON — Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, requested a hearing Tuesday over the abrupt ending of the troubled independent foreclosure review last month.

Regulators halted the IFR when they announced an $8.5 billion settlement in January with ten major banks. Waters and other Democratic lawmakers wrote letters to regulators last week requesting more information about the review process and the decision to settle.

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.