Sub-Prime Lending NPR's Jim Zarroli reports that Household International has agreed to pay $484 million dollars to settle charges that it was cheating borrowers. Household is one of the nation's largest lenders in the so-called sub-prime market. Sub-prime lenders make loans at above market interest rates to consumers who have been turned away from mainstream financial institutions.
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Sub-Prime Lending

Only Available in Archive Formats.
Sub-Prime Lending

Sub-Prime Lending

Sub-Prime Lending

Only Available in Archive Formats.

NPR's Jim Zarroli reports that Household International has agreed to pay $484 million dollars to settle charges that it was cheating borrowers. Household is one of the nation's largest lenders in the so-called sub-prime market. Sub-prime lenders make loans at above market interest rates to consumers who have been turned away from mainstream financial institutions.