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Canada's Home Capital agrees settlement with regulator

TORONTO, June 14 Home Capital Group Inc said on Wednesday it had agreed on a settlement with the Ontario Securities Commission and accepted responsibiity for misleading investors about problems with its mortgage underwriting procedures.

Canada's biggest non-bank lender said that it would make a payment of C$10 million ($7.6 million) and reimburse the commission's costs of C$500,000. It also said that it would make a payment of C$29.5 million to settle a class action lawsuit. ($1 = 1.3234 Canadian dollars) (Reporting by Matt Scuffham)

我们的标准: 汤森路透“信任原则

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