Ameriquest Capital Holdings Corp. last week settled the second-largest predatory lending suit in U.S. history that had the largest subprime loan originator's upper management embroiled for more than a year.

The Orange, Calif.-based lender will pay $325 million to settle claims of unfair lending practices from 49 attorneys general. Borrowers had alleged they were pressured into loans through deception and so-called high pressure sales tactics.

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