Republicans question BofA settlement funding 'activist groups'

Bank Watch reports:

Republican lawmakers are questioning a requirement in recent U.S. Justice Department settlements with lenders, including Bank of America's $16.7 billion accord, that the banks donate money to housing counseling agencies, The Wall Street Journal reported Tuesday.

The Journal reports that the lawmakers want to know how the Justice Department determined that the banks, including Citigroup, be required to donate money to the housing counseling agencies approved by the Department of Housing and Urban Development.

This is truly amazing: whatever happened to Congress making appropriations ?? How creepy is it to have Eric Holder as the Judicial branch and Legislative branch of government ?