Report: Subprime lending giant’s add-on “loan protections” put borrowers at an increased risk
Report: Subprime lending giant’s add-on “loan protections” put borrowers at an increased risk In this context, Webster points out, calling the add-ons “loan protection products” is misleading. They have been, instead, “a money cow,” she says. Nearly 50 % of the Denver standard cases the middle analyzed were renewals of prior loans which were rolled …