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Resource ID: #14468
Subject: Business
Source: ABC News Primetime Live
Affiliation: 
Date: April 23

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Description

ABC investigated the illegal business practices of Ford Motor Company -- one of the largest home-equity lenders in the country. Most years, Ford makes more money loaning to people with bad credit than it does selling cars. Through its subsidiary, called The Associates, Ford targets low-income people with equity in their homes, then, pays kickbacks to brokers for steering unwitting customers into the most expensive loans.

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