U.S. Consumer Bureau Probes AIG Over Mortgage Insurance Business
AIG said the CFPB issued a civil investigative demand, an early step in a probe, in June. On July 24, the bureau suspended the deadlines for complying with the demand “pending discussions that could resolve the investigation,” AIG said.
State and federal regulators have in recent years examined the propriety of payments between lenders and insurers for policies covering mortgages, and whether they comply with the Real Estate Settlement Procedures Act.
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