Volume 27 - Number 10
March 11, 2010
DOJ Claims to Break Ground by Holding AIG Liable for Failing to Monitor Broker Pricing
The fair lending settlement recently announced between two mortgage units at American International Group and the Department of Justice puts more legal liability on wholesale lenders although it may not represent as significant an expansion of fair lending law as the agency claims. On March 4, the DOJ and the newly created Financial Fraud Enforcement Task Force announced that two AIG...
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