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Sunday, December 22, 2024 |
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Lenders: The New Bad Guys |
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John Beagle
MUSA Official Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855 |
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Posted: Mar 10 2008 at 9:11am |
Lenders Labeled New Marketing Villains Consumers, Politicians Turn Their Ire Toward Banks, Credit-Card Companies NEW YORK (AdAge.com) -- Debt: It's the new obesity. Just as food companies have gotten spanked for pumping their products full of fat and sugar, companies that spend big to market credit cards and add more flab to the already-chunky financial waistlines of Americans are coming under increasing fire from politicians, consumer advocates and customers feeling burned by their monthly statements. FULL ARTICLE |
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.308
MUSA Resident Joined: Aug 17 2007 Status: Offline Points: 192 |
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I am sure some lenders should be investigated as it's hard to believe that there could so many "bad loans" out there if there was not a lot of stretching the rules just to get another "sale" of a new loan.
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