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OCC looked the other way at the blatant independence conflict when JP Morgan engaged Deloitte

06-28-2013 • http://www.forbes.com/sites/francinemckenna/2013/0

One of the fundamental tenets of the “independent” foreclosure reviews of mortgage servicers ordered by the OCC and Federal Reserve Board was the independence and objectivity of the consultants. The ICs for the IFRs were supposed to determine how much harm had been inflicted on borrowers subjected to error-ridden and, in some cases, fraudulent foreclosures.

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Reported By Mike Brosnahan

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