Republicans Complain About DoJ BOfA & Citigroup Settlement

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Republicans Complain About DoJ BOfA & Citigroup Settlement

Republican lawmakers are questioning the U.S. Department of Justice over their recent settlements with Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) earlier this summer.

At issue are required donations to so-called left-wing “activist groups,” according to a report in The Wall Street Journal. The settlement was designed to help homeowners avoid foreclosure, but a letter from Rep. Bob Goodlatte of Virginia and Rep. Jeb Hensarling of Texas, questions apparent preferential  treatment given to some of the nonprofits, such as National Council of La Raza and NeighborWorks America.

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