Report: Subprime lending giant’s add-on “loan protections” put borrowers at an increased risk

Report: Subprime lending giant’s add-on “loan protections” put borrowers at an increased risk In this context, Webster points out, calling the add-ons “loan protection items” is misleading. These are generally, rather, “a cash cow,” she says. Almost 50 % of the Denver standard instances the middle examined were renewals of...