GM Unit Gets Subpoena Over Subprime Auto Loans

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GM Unit Gets Subpoena Over Subprime Auto Loans

by Wochit 0:30 mins

GM Unit Gets Subpoena Over Subprime Auto Loans

by Wochit 0:30 mins

General Motors Co's auto financing arm said it received a subpoena from the U.S. Department of Justice to produce documents related to subprime auto loans since 2007. General Motors Financial Co Inc said in a regulatory filing on Monday that the subpoena requests information relating to the underwriting criteria used to originate these automobile loan contracts, among other matters.

Wochit

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