HLS,
I apparently was unclear in my response.
Or perhaps I am confused in my terminology.
I was trying to say that all lending retailers, be they BofA or Crazy Sheldon’s House of Paper (that’s copyrighted and you need to pay me a royalty by the way), should have a clear par rate and all lending employees (at least those dealing with borrowers) should know it and it should be stated clearly along with anything on the front or back.
Its not that I think they deserve a break from disclosure but that I think banks should have the same requirements. In that specific regard, they have a point.
