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Mr. Hackett warned that some lenders, when they haven't technically accepted a loan application, fudge on estimates with informal "initial fees worksheets" they provide.
In response, AIBA conceded that it had, in fact, accepted a loan from a Swiss company which "originated from an Azerbaijani investor".
After all, if people went around suing everyone who accepted a loan for less money than they actually needed, the courts wouldn't have time for anything else.
The prime minister has accepted a loan of up to 100 billion euros, or about $130 billion, to help ailing banks hurt by a collapse of the country's real estate and construction industries.
But his borrowing was not reckless, he said, adding that he had accepted a loan with high repayments on the basis that he could switch after six months, something he discovered too late was impossible.
Meanwhile, TV Azteca sued independent TV CNI Canal 40 for having accepted a loan from the Mexican unit of General Electric, which had violated Mexican laws that barred foreigners from running local media.
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Many borrowers complain they were told by mortgage companies their credit would not be damaged by accepting a loan modification, only to discover otherwise.
As European leaders press the Irish into accepting a loan, Portugal finds itself singled out yet again as next in line.
Hart told investigators he had met the so-called recruiter at a football camp and agreed to accept a loan of hundreds of dollars.
He had been declared ineligible for accepting a loan from a former high school teammate, Sam Dalembert, now with the N.B.A.'s Philadelphia 76ers.
One question asked candidates to imagine themselves as leaders of a small African country battling starvation: would they accept a loan from a larger country if it came with conditions?
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Justyna Jupowicz-Kozak
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