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Chasing Fees, Banks Court Low-Income Customers – Some federal regulators and consumer advocates are concerned that banks may also be steering people at the lowest end of the economic ladder into relatively expensive products when lower-cost options.
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Mortgage advances up 5.5% year-on-year – managing director at lifetime mortgage provider Responsible Lending, said: “Buyers are stuffing their pockets while they can, with the proportion of high loan-to-income loans higher than at any time.