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BRIEF-CIT Group says agrees to settlement of about $89 mln
May 16, 2017 / 8:40 PM / 4 months ago

BRIEF-CIT Group says agrees to settlement of about $89 mln

May 16 (Reuters) - CIT Group Inc:

* CIT Group - co cooperated with investigation, engaged in discussions with hud OIG, DoJ, agreed to settlement of about $89 million to resolve servicing related claims

* CIT Group - do not expect outcome of remaining loan origination matter to have material adverse effect on co's financial condition or results of operations Source text: (bit.ly/2qoTOWE) Further company coverage:

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