Senator Elizabeth Warren, a Democrat from Massachusetts, asked the Trump administration for details on its work investigating and regulating collections of “zombie” second mortgages, old loans that homeowners hadn’t heard from lenders about in years before being hit with huge bills.
In a letter sent Tuesday to acting Consumer Financial Protection Bureau Director Russell Vought, Warren called the administration’s approach to the issue a “dereliction of its duty” and said she remained concerned for Americans at risk of losing their houses to debt collectors that revive the loans.
Last year, Bloomberg News reported that