[Kevin Henry-Seacoast]

https://www.miamiherald.com/news/sta...245599035.html

clawbacks coming to the banks who made loans to scammers

"between $330 million and $340 million in fees on the $7 billion in approved loans the company said it processed."

I bet their new parent company is non too pleased about this story......

[Steven_O]

I bet their new parent company is non too pleased about this story......

Amex didn't buy the loans... only the tech and people. Separate entity was opened to service the loans.

My question is: what was the real purchase price? 850M as speculated? And was this huge number made to cover the losses coming down the line?