U.S. Consumer Bureau Probes AIG Over Mortgage Insurance Business
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The Consumer Financial Protection Bureau is investigating American International Group Inc. over issues related to mortgage insurance, the company said in an Aug. 2 regulatory filing.
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.