House Republicans are set to send a letter today to Treasury Secretary Tim Geithner raising concerns about a proposed settlement deal between the five largest servicers and various state and federal enforcement agencies.

Rep. Scott Garrett, R-N.J., is circulating a letter among top GOP members of the House Financial Services Committee that argued the state attorneys general and other federal agencies involved have gone too far in their attempt to punish the banks for problems with the foreclosure process.

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