Congressman Barney Frank today urged Financial Services Committee Chairman Spencer Bachus to hold a hearing on allegations of misconduct by Ally Financial in its dealings with homeowners.

In his letter to Mr. Bachus, Frank expressed his support for a request for a hearing on Ally Financial by Massachusetts Attorney General Martha Coakley.  Yesterday, Coakley sent a letter to House Financial Services Committee Chairman Bachus and to Senate Banking Committee Chairman Tim Johnson, summarizing a complaint brought against Ally for practices in violation of Massachusetts law.

Click on the link for Congressman Frank’s letter to Chairman Bachus and Attorney General Coakley’s letter to Mr. Bachus and Mr. Johnson are attached.