| Goods |
New York’s Department of Financial Services this year requested information from Signature about its credit lines to the Kushners, according to people familiar with the requests. They said regulators were reviewing whether Mr. Kushner’s White House role could compromise Signature’s ability to collect on the loans.
That review of Mr. Kushner’s loan documents led the New York regulators to broaden their inquiry, said one person, who was not authorized to speak publicly about the regulator’s activities. The agency is now looking into whether Signature lent money to real estate developers — including the Kushner family’s business, Kushner Companies — knowing they planned to use abusive tactics to push out low-rent tenants and then charge more, according to two people familiar with the review. It is focused on whether Signature’s loans were overly risky and violated laws intended to prevent predatory behavior. |