Top Republicans on the House Financial Services Committee clashed with Elizabeth Warren, who is leading the Consumer Financial Protection Bureau (CFPB) creation, over her role in the mortgage servicer settlement.

The committee's chairman, Rep. Spencer Bachus of Alabama, and Rep. Shelley Moore Capito of West Virginia, the head of the consumer credit subcommittee, asked Warren in a letter Wednesday to clarify her role after the document Perspectives on Settlement Alternatives in Mortgage Servicing that she sent to Iowa Attorney General Tom Miller was leaked to the media. In the document, she argues the largest servicers have saved more than $20 billion by cutting corners in proper servicing and as a result should be fined the same amount.

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