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1 FaverViewed: 9 TimesQuoted: The Oregonian reported Friday morning that it obtained a copy of an internal JPMorgan Chase (“JPMC”) memo titled “Zippy Cheats & Tricks” that provides step-by-step instructions on how to enter false data into a loan approval system called ‘Zippy.’ (Hat tip to Calculated Risk.) In essence, an in-house guide to committing mortgage fraud. Here are pertinent excerpts of the Oregonian report:
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By the makers of WalkScore, a Political Satire site - with a social message. It's interesting to see if this sort of site accomplishes the goal of raising awareness of the problems caused by pay-day loans.
I actually have some friends that own a successful pay-day loan business - I don't imagine they'll appreciate this web site - but the goal is to get people thinking about the problems created by people who abuse pay-day loans and see if there is a political/policy solution.
1 FaverViewed: 12 TimesQuoted: Payday loan information from the Predatory Lending Association. Helping predatory lenders extract maximum profit with from the working poor with payday loans.
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