New York–Household International Inc. will pay a record fine up to $484 million to settle charges of predatory lending practices, which misled borrowers into paying high interest rates. A multi-state group of state attorneys general and regulatory agencies accused it of violating state laws by misrepresenting loan terms and failing to disclose material information.
Household, […]
Entries Tagged as 'Predatory Lending'
Household Agrees to $484 Million Settlement
October 15th, 2002 · 3 Comments
Tags: Predatory Lending

