Lawsuit seeks ‘independent’ facts behind foreclosure reviews

From eCreditDaily:

A prominent Washington law firm is suing to get bank regulators to reveal more details behind the failed Independent Foreclosure Review, which after about 18 months and $2 billion spent was mostly scuttled recently in favor of a $9.3 billion settlement.

In its FOIA (Freedom of Information Act) lawsuit filed on March 27, Williams & Connolly wants the Office of the Comptroller of the Currency to provide more details as to the hiring of the independent consultants by some of the biggest U.S. banks in the failed review process.