Quicken Loans Being Sued By Former Employees Alleging Predatory Lending Practices

dan-gilbert.jpg

Dan Gilbert maintains a pretty squeaky image. Good man, cares about the city, has built his millions from scratch, and his companies are places that are regularly ranked as super-duper great places to work. Quicken Loans, in particular, is touted not only as a good company for employees, but a good company for America.

Of course, it's a lending company, and despite Gilbert's claims that Quicken isn't like those nasty banks that suckered poor Americans into sub-prime loans, it appears all isn't rosy, and in fact, that Quicken was just as slimy as the rest of the bunch.

A trial begins next week involving several former employees who are suing Quicken Loans for withholding overtime pay and accusing the company of "bullying homeowners into high-interest-rate loans or otherwise inflated mortgages," according to Deadspin.

Like this story?
SCENE Supporters make it possible to tell the Cleveland stories you won’t find elsewhere.
Become a supporter today.

Vince Grzegorek

Vince Grzegorek has been with Scene since 2007 and editor-in-chief since 2012. He previously worked at Discount Drug Mart and Texas Roadhouse.
Scroll to read more Cleveland News articles

Join Cleveland Scene Newsletters

Subscribe now to get the latest news delivered right to your inbox.