海角大神

The聽US government聽is investigating聽General聽Motors聽Co's auto financing arm over subprime auto loans it made and securitized since 2007, the company disclosed on Monday.

General聽Motors聽Financial Co聽Inc said it was served with a subpoena from the聽Department of Justice聽directing it to turn over documents related to underwriting criteria.听The subpoena was also disclosed in a聽.听

The subpoena, which the company said was in connection with an investigation into possible violations of the civil fraud law FIRREA, also asked for information on the representations聽GM聽made about the criteria when the loans were pooled into securities.

Financial services firms have paid billions of dollars to resolve investigations under FIRREA into questionable mortgages pooled into securities in the run-up to the financial crisis. The new subpoena could be one of the first public acknowledgements that investigators are also looking at the securitization of subprime auto loans.

FIRREA, the Financial Institutions Reform, Recovery and Enforcement Act, allows the Justice Department to sue over fraud affecting a federally insured financial institution.

Separately, regulators have brought some recent cases against auto lenders over allegations of discrimination.

In December,聽GM's former financing arm, Ally Financial Inc, agreed to pay $98 million to resolve claims by the Justice Department and the US consumer bureau that it charged minority borrowers higher interest rates than white borrowers. General Motors Financial Co Inc, formerly known as AmeriCredit Corp., was acquired by GM in 2010.

(Reporting by Aruna Viswanatha in Washington and Sagarika Jaisinghani in Bangalore; Editing by Sriraj Kalluvila and Andrew Hay)