As HousingWire reported yesterday, some of the checks sent out to borrowers who are part of the massive independent foreclosure review settlement saw their checks bounce.

The Federal Reserve went into damage control early Wednesday and fixed the problem.

But after the consulting firm handling the payouts faced a tough grilling in front of the Senate Banking Committee yesterday, it seems the $9.3 billion settlement ($3.6 billion of which is set for borrowers) continues to generate bad press.

Consumer Affairs picked up the article today along with several other national news publications.