Steve Bailey

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Schumer Calls for FTC Investigation into Countrywide’s Default Management Practices

May 15, 2008By

After a blistering take on what he called a “vulture mentality” among servicers last week, Senator Charles Schumer (D-NY) on Wednesday urged the Federal Trade Commission to open an investigation into “an emerging of pattern of apparent misconduct by Countrywide Financial Corporation involving its behavior with regard to debtors during bankruptcy.”