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Now, six Senate Democrats have sent a letter to FHFA Acting Director Ed DeMarco and top regulators on the systemic risk council (including Geithner and Bernanke) calling for legitimate action on the servicers, who have no specific federal regulator.

The six Democrats – Sherrod Brown, Barbara Boxer, Sheldon Whitehouse, Debbie Stabenow, Tom Harkin and Mark Begich – pushed back on the idea that these are merely technical errors, as the FHFA letter intimates, rather than systematic violations of the law.