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Home » Store » News » FDIC Faces Lawsuit Over Subprime Lending

FDIC Faces Lawsuit Over Subprime Lending

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The Federal Deposit Insurance Corp. allegedly made thousands of inappropriate subprime loans in 2001 after it took over the failed Superior Bank. For months after its acquisition, the federal regulator continued to allow subprime originations at Superior, even though the bank had failed largely due to such lending...
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