September 12, 2010
More UK PPI Claims Figures Publicized
For the previous 6 plus years, finance institutions are actually bullying potential mortgage loan seekers, credit card holders along with other loan applicants into getting payment protection insurance . Such unsuspecting clients were …
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More UK PPI Claims Figures Publicized
Filed under UK Insurance by admin on Sep 12th, 2010.
Comments on More UK PPI Claims Figures Publicized
Dre,
I agree with thehc. You can't make Wells Fargo responsible for what a few employees say and do. The only exception would be if it's proven true what these employees said and W.F. still decided to sit on it. At that point, they would be complicit.
To the larger point, I don't think predatory lenders solely target minorities. Even the article you pointed to suggests that whites were lured into subprime mortgages when they could have qualified for much better. Borrowers should NEVER assume their brokers are operating in their best interest. They are usually only trying to peddle deals that work out the best FOR THEM! If that means offering lousy deals to unsuspecting clients, so be it.
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