Profoting From Fine Print With Wall Street's Help

Number 20031
Subject Business
Source New York Times
State
Year 2000
Publication Date March 15
Summary The Times reports on questionable approaches used by First Alliance, a national home-equity lender. The story looks at the complaints of hundreds of consumers that the "company has used a deceptive sales pitch, delivered by loan officers recruited from big auto dealerships, to lure homeowners into high-cost loans that expose them to the threat of foreclosure and financial ruin."
Category General
Pages 6
Keywords finances;mortgages;consumers affairs;lawsuits;investment banks;homeownership;fraud
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