News/Compliance & Enforcement/General Electric Says It Reached Tentative Agreement with DOJ to Pay $1.5 Billion for Subprime Loans

News·Compliance & Enforcement Brief

General Electric Says It Reached Tentative Agreement with DOJ to Pay $1.5 Billion for Subprime Loans

PubK AdminFebruary 5, 2019 · 1 min read

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General Electric and the Department of Justice have reportedly reached an "agreement in principle" for the company to pay a fine of $1.5 billion for the lending activities of its shuttered subprime lending unit, WMC Mortgage.

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