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General Electric To Pay $1.5B Civil Penalty Over Subprime Loan Activity

Mealey's (April 12, 2019, 3:20 PM EDT) -- WASHINGTON, D.C. — General Electric Co. (GE) will pay a $1.5 billion civil penalty pursuant to the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) to resolve claims that...
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