Housing Bubble

Consumer Groups Call for Scrutiny of BofA/Countrywide Merger 

The California Reinvestment Coalition, Community Reinvestment Association of North Carolina, Neighborhood Economic Development Advocacy Project, and New Jersey Citizen Action each sent letters today to Chairman Christopher Dodd (D-Conn.) of the Senate Banking Committee, and Chairman Barney Frank (D-Mass.) of the House Financial Services Committee, urging “investigative hearings” surrounding the pending merger between Countrywide Financial and Bank of America.