Monday, February 25, 2008

Michigan AG: Predatory Lending, Credit Top Consumers' Concerns

Michigan’s Attorney General Mike Cox recently said in a press release that issues involving predatory lending and personal credit topped Michigan's list of consumer concerns last year.

Cox’s assertion is based on 85,700 consumer complaints received by his office in 2007.

Ranking first in the top ten list of consumer complaints is the heading of “credit and financial concerns,” which means a larger portion of Michigan's consumer complaints last year were related to predatory lending, credit reports, finance charges and identify theft.

news source : http://www.dsnews.com/view_story.cfm?id=2101

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