Subprime Lending and Older Consumers
In his testimony to the Senate Special Committee on Aging, Howard Beales, Director of FTC's Bureau of Consumer Protection stated that more than a quarter of subprime borrowers are 55 or older. Subprime lending practices, if harmful to the borrower, can have a significant negative impact on older borrowers.
Copyright © 2004 Compliance Action. Originally appeared in Compliance Action, Vol. 9, No. 2, 3/04
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