[plain talk]

low income people had a hard time paying them back.

Do we know that most of the $700M is to cover loans made by low income people? I'd expect many middle income and wealthy people could have got over their heads as well. I'd welcome stats along those lines on who defaulted.

[mewzilla]

I'd welcome stats along those lines on who defaulted.

Amen.

[icwhatudo]

I should have written “Low credit score” as opposed to low income.