As the company completed a property purchase to house more personnel, General Motors Financial said in a regulatory filing on Monday that the company has been subpoenaed by the U.S. Department of Justice.

According to the paperwork posted with the Securities and Exchange Commission, Justice Department officials served GM Financial with a subpoena on July 28.

Company officials said the subpoena directs them to produce certain documents relating to their and their subsidiaries’ and affiliates’ origination and securitization of subprime auto loan contracts since 2007 in connection with an investigation by the U.S. Department of Justice in contemplation of a civil proceeding for potential violations of Financial Institutions Reform, Recovery, and Enforcement Act of 1989.

“Among other matters, the subpoena requests information relating to the underwriting criteria used to originate these automobile loan contracts and the representations and warranties relating to those underwriting criteria that were made in connection with the securitization of the automobile loan contracts,” GM Financial said.

The company is coming off a quarter in which the AmeriCredit-branded business generated by GM Financial during Q2 jumped to a higher level than in any quarter seen in a year.

AmeriCredit, which originates loans at non-GM dealerships, posted $855 million in paper during Q2, an amount $106 million higher than a year earlier. The complete report on the company’s second quarter from SubPrime Auto Finance News can be found here. 

GM Financial Buys New Facility to House More Staff

GM Financial completed the purchase last week of a property in Arlington, Texas, to expand its Arlington Operations Center campus.

Company officials highlighted the facility boasts 240,000 square feet and is located on 22 acres of land near the intersection of Interstate 20 and Collins Street.

GM Financial indicated the facility will accommodate approximately 800 to 900 employees, most of whom will be new hires over the next two to three years. The company plans to upgrade the exterior façade, parking lot and interior of the building that was formerly used as a customer service center by a major financial institution.

Although the company will begin occupying the space in the next few months, executives mentioned the renovations are expected to take nearly 24 months to complete. When finished, GM Financial will use the new office space for operations and as a training and conference center.

“The purchase of this building demonstrates the continued growth and expansion that GM Financial has experienced during the past three years. We have more than doubled our employee base in North America and are pleased to have acquired this additional office space in such close proximity to our existing operations center,” said Dan Berce, president and chief executive officer of GM Financial.

Berce added the new facility is located one block east of two buildings currently occupied by nearly 2,150 GM Financial employees and used for operations and customer service.

The company, which employs 4,600 team members in North America, also has customer service centers in Chandler, Ariz., Huntersville, N.C. and Peterborough, Ontario. The company has 17 credit centers in the U.S. and Canada.

GM Financial employs 6,200 team members worldwide and is headquartered in Fort Worth, Texas.