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BRIEF-CIT, Ocwen Agree To Resolve Claims Filed In Demand For Arbitration

Dec 4 (Reuters) - Cit Group Inc:

* CIT GROUP SAYS ON NOV 22, OCWEN LOAN SERVICING AGREED TO A $29.9 MILLION SETTLEMENT TO RESOLVE CLAIMS FILED IN DEMAND FOR ARBITRATION AGAINST CO ON AUG 12, 2016

* CIT GROUP INC SAYS THE $29.9 MILLION SETTLEMENT WILL NOT HAVE A MATERIAL EFFECT ON CO'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS - SEC FILING Source: (bit.ly/2zL685O) Further company coverage:

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