Home equity lender Delta Funding Corp. last week agreed to settle a lawsuit undertaken by the New York State Attorney General that alleged predatory lending practices for $6 million. While Delta maintained it did not break any laws, Attorney General Eliot Spitzer called the agreement a "landmark" event and the beginning to what he predicted would be "widespread reform within [the] entire industry."

"We have now set the standard for other similar companies to conform to," Spitzer added.

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