What the bank did was tacitly illegal according to federal banking laws. There should have been at least a mediation. In the very least the owners of the factory should have shopped for a refinance through another, far more ethical bank. If they did, it should have been in the story.
Re: “Awash in Debt, Loleta Cheese Factory is Shuttered After 38 Years”
What the bank did was tacitly illegal according to federal banking laws. There should have been at least a mediation. In the very least the owners of the factory should have shopped for a refinance through another, far more ethical bank. If they did, it should have been in the story.