Knowledge Tree
Relations (1)
cross_type 2.00 — strongly supporting 3 facts
The Brookings Institution provides critical analysis and policy perspectives on predatory lending, specifically distinguishing it from high-cost lending [1], categorizing new regulations as usury statutes [2], and evaluating the potential risks of local ordinances [3].
Facts (3)
Sources
A Prudent Approach To Preventing "Predatory" Lending | Brookings brookings.edu 3 facts
perspectiveThe Brookings Institution asserts that it is incorrect to conflate high-cost lending, which reflects the risks of lending to non-prime customers, with predatory lending, which is inherently abusive and already punishable under federal law.
perspectiveThe Brookings Institution argues that state and local ordinances extending beyond federal law regarding predatory lending may pose dangers to the populations they intend to protect, such as minority and low-income individuals.
perspectiveThe Brookings Institution characterizes new state and local regulatory provisions regarding predatory lending as a new type of usury statute.