Lenders Take Aim at Abuse with Best Practices Standards
April 16, 2001
Best practices can help subprime lenders navigate through the stormy waters of the predatory lending debate, officials at some top companies said last week. "You’ve got to have a policy on predatory lending in this environment," said Denis O’Toole, vice president for government relations at Household International, during last week’s Mortgage Bankers Association of America subprime lending conference in Washington, DC.