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Home » Store » News » Predatory Lending Debate Heats Up as NM Seeks Data

Predatory Lending Debate Heats Up as NM Seeks Data

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New Mexico’s attorney general has become the latest law enforcement official to launch a probe into the business practices of subprime lenders. “The purpose of my inquiry is to determine how the subprime industry is treating consumers and to see whether standards set by the states’ attorneys general in the 2002 settlement with Household Finance International have been subsequently adopted by others in the marketplace,” said State Attorney General Patricia Madrid, explaining why she requested…
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