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GE says it may face U.S. action over subprime mortgage operations

Posted On: Feb 23, 2018   |   Posted By: Reuters

NEW YORK - General Electric Co faces potential action by the U.S. Justice Department over allegations that its GE Capital unit and now defunct WMC Mortgage Corp unit violated U.S. law in connection with subprime mortgages, according to a regulatory filing on Friday.

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