Delta Funding Corp. said Wednesday that it has settled a predatory lending lawsuit brought by the New York State Office of the Attorney General.

The settlement also involved the New York State Banking Department and the U.S. Department of Justice. The subsidiary of Delta Financial Corp. denied any wrongdoing, but said it wanted to put the costly suit behind it.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.