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Lenders: The New Bad Guys

Printed From: MiddletownUSA.com
Category: Outside World
Forum Name: News, Info and Happenings outside Middletown
Forum Description: It might be happening outside Middletown, but it affects us here at home.
URL: http://www.middletownusa.com/forum/forum_posts.asp?TID=343
Printed Date: Apr 27 2024 at 6:23am


Topic: Lenders: The New Bad Guys
Posted By: John Beagle
Subject: Lenders: The New Bad Guys
Date Posted: Mar 10 2008 at 9:11am

http://e.ccialerts.com/a/hBH1SUZAHJQfmAUDSLFAc-oRSAO/clck21 - 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. http://e.ccialerts.com/a/hBH1SUZAHJQfmAUDSLFAc-oRSAO/clck21 -



Replies:
Posted By: .308
Date 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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