Big Deal. A large company settles a class action suit for pennies on the dollar. But there are other companies out there engaging in simlar practices.
(Learn More?) Most consumers are ripped off by companies focusing on subprime loans. The average cost to victims oftens exceeds $ 7,500 by the time they have been targeted for foreclosure.
One of Reilly's Democratic opponents, Deval Patrick, a former assistant US attorney for civil rights, sits on the board of Ameriquest's holding company, ACC Capital Holdings. Both Reilly and Patrick are liberals running for Gov of Massachusetts. This is free campaign advertising for Reilly...
(Instead of doing news/photo ops, Reilly ought to spend more time upholding the laws of Massachusetts.)