Mortgage Law
Congressional Delegation Requests Criminal Investigation
January 13, 2010 by admin · Leave a Comment
Northern Colorado’s congressional delegation turned up the heat on former New Frontier Bank officials Tuesday, calling for a federal investigation into the bank’s collapse.
U.S. Sens. Michael Bennet and Mark Udall along with U.S. Rep. Betsy Markey asked U.S. Attorney General Eric Holder to investigate possible fraud connected to the April failure.
The bank was closed by federal regulators for unsafe and unsound banking practices leaving numerous businesses and farmers with loans they couldn’t refinance and without lines of credit crucial to run their businesses.
Read more about New Frontier Bank…
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