Card recently made knowns 10-15-2...

Card recently made knowns

10-15-2003

Fed Governor Takes Aim At Predatory Lending

ISSN: 08940797
Publication Date: 10-15-2003
Page: 1
Type: Periodical
Language: English

But Subprime is Not Always Predatory, Gramlich Cautions

Subprime lending has make opened the doors of the credit marketplace to a wide range of buyer who not protracted ago would have failed to qualified for loans. That's the useful news. The bad of the present days is that the rapid expansion of subprime lending has been accompanied by dint of a dramatic increase in abusive or so-called predatory lending practices. And that, according to Federal husband Governor Edward ...