Delta Funding Corp. says it expects to come to market with two quarters worth of securities in October now that the New York Attorney General has endorsed a $12 million settlement of abusive-lending claims against the Woodbury, N.Y., specialty lender.

In settling claims that it lent at excessive interest rates, Delta -- without admitting any wrongdoing -- agreed to take a $7.25 million reduction in loan payments and to set aside $4.75 million of its stock for restitution to customers and to finance consumer education.

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