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GM Financial Subprime Auto Loans Face Review in Florida

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Florida Attorney General Pam Bondi is reviewing General Motors Co.’s lending arm to determine whether she has jurisdiction to join a widening investigation into its subprime auto-loan underwriting practices.

GM Financial, which specializes in loans to people with spotty credit, has disclosed that attorneys general of states it didn’t identify and other government offices are demanding documents on its business of making car loans and pooling them into bonds that are sold to investors.