Lenders Again Dealing Credit to Risky Clients

Author: Susan Good


Consumer advocates and lawyers worry that the financial institutions are again preying on the most vulnerable and least financially sophisticated borrowers.

Some former banking regulators said they worried that this kind of lending, even in its early stages, signaled a potentially dangerous return to the same risky lending that helped fuel the credit crisis.

Does this seem like a familiar story? The NYT certainly thinks so.