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Sign Our Petition to Release Illegal Foreclosure Information

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Petition to Federal Reserve Chairman Ben Bernanke and Comptroller of the Currency Thomas Curry:

We the undersigned find it incomprehensible that your agencies are denying Members of Congress access to information about illegal foreclosure practices.

Sen. Elizabeth Warren and Rep. Elijah Cummings write that in “concealing important information about these violations,” your agencies are hindering their ability to oversee the mortgage servicing industry and to develop legislation to protect the public from further abuse.

We believe that not only should you turn these records over to Sen. Warren and Rep. Cummings, but you should also release these records to the public.

Sen. Warren and Rep. Cummings seek these documents pursuant to their constitutional responsibility to oversee the executive branch. Yet your agencies have tried to block these enforcement documents might reveal “trade secrets.”

We find it completely outrageous that the Fed and the Comptroller of the Currency are attempting to block this critical information from Members of Congress engaged in oversight. The public also has a right to know how these companies engaged in illegal foreclosures. Otherwise, how can we prevent other homeowners from falling prey to these practices?

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Sen. Elizabeth Warren (D-Mass.) and Rep. Elijah Cummings (D-Md.)

You’ve probably heard the horror stories about unscrupulous mortgage servicing companies charging homeowners excessive fees and, in some cases, taking their homes through illegal foreclosures.

Sen. Elizabeth Warren (D-Mass.) and Rep. Elijah Cummings (D-Md.) recently asked two federal agencies for records that might shed light on these practices. Sounds reasonable to us, but these agencies, led by Federal Reserve Chairman Ben Bernanke and Comptroller of the Currency Thomas Curry, flat out refused to hand over the documents.

We find it incomprehensible that these federal agencies would refuse to supply documents that detail how mortgage servicing companies broke federal laws.

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