Political Quotes

Carl Levin: “What consequences can you expect when most customers only make minimum payment in terms of the borrower's reaction to a…”

On the recordApril 15, 2010
What consequences can you expect when most customers only make minimum payment in terms of the borrower's reaction to a payment shock?
Said by
Carl Levin
Democratic · Michigan

Editor's note · Context

Levin questions the impact of minimum payments on borrowers' ability to handle payment shocks.

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