Washington Post: Committee probes alleged loan fraud against vets
The chairman of the House Veterans’ Affairs Committee ordered his staff to begin an investigation Friday into allegations that some of the nation’s largest lending institutions have cheated veterans and taxpayers out of hundreds of millions of dollars by charging illegal fees in home refinancing loans.
Committee staff members met Friday with officials from the Department of Veterans Affairs to discuss the charges, which are made in a whistleblower lawsuit unsealed this month by a federal court in Atlanta.
“I will reserve judgment on the appropriate next course of action, to include the potential for a full Committee hearing, after having the opportunity to review the results of the staff investigation,” Rep. Jeff Miller, (R-Fla.), chairman of the committee, wrote in a letter Friday to Rep. Bruce Braley, (D-Iowa), the ranking member of the committee’s subcommittee on economic opportunity.
