Pat Toomey’s bank wouldn’t loan money to low- and moderate-income Pennsylvania families — but it was happy to give Toomey a loan for his private airplane-leasing company.
Team Capital Bank — the bank Pat Toomey founded and owned — was profitable for Pat Toomey, even as he tried to repeal consumer protection regulations on the Banking Committee. But Team Capital hasn’t similarly been a positive for Pennsylvania families. Case in point: Team Capital used a controversial foreclosure tactic banned in a number of states to try to foreclose on at least 20 Pennsylvanians’ homes.
And that isn’t all, Team Capital also got in trouble with regulators when it from 2006 to 2009 “failed to lend to low-and moderate-income borrowers.”
Meanwhile, during that same period Team Capital gave Pat Toomey a loan worth between $100,001 To 250,000 for his private plane-leasing company.
Low- and middle-income families in Philadelphia weren’t able to secure loans from […]Read more after the jump.