Jun 26, 2008
Will States Continue To Go After Lenders?
26 Jun 2008
Posted by VAR
“Madigan spokeswoman Robyn Ziegler said the lawsuit would be filed Wednesday in
Cook County Circuit Court. In the complaint, Madigan says that Countrywide offered
unfair loans with risky features, used misleading sales techniques and encouraged
employees and brokers through incentives to sell more high-risk loans.”
Risky features, misleading sales techniques and high-risk loans … sounds like payday loan centers. States aren’t pursuing those businesses, is this really a good idea?