Tag Archives: Subprime Cases

U.S. Finds Fresh Use for Seldom-Used Statute in Subprime Cases

August 12, 2014   Guest Author

The Justice Department is investigating whether lenders are packaging subprime auto loans without reviewing their quality.

By PETER J. HENNING

Like a child with a new toy, the U.S. Justice Department is using a powerful civil fraud provision to investigate potential fraud in the marketing of securities backed by risky auto loans.

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