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Lenders: The New Bad Guys

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John Beagle View Drop Down
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Joined: Apr 23 2007
Location: Middletown
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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

John Beagle

Middletown USA

News of, for and by the people of Middletown, Ohio.
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Joined: Aug 17 2007
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Post Options Post Options   Thanks (0) Thanks(0)   Quote .308 Quote  Post ReplyReply Direct Link To This Post Posted: Mar 10 2008 at 10:27am
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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