Knowledge Tree
Relations (1)
cross_type 3.32 — strongly supporting 3 facts
The Federal Deposit Insurance Corporation actively monitors, defines, and combats predatory lending through supervisory actions, consumer education, and regulatory reviews as detailed in [1], [2], and [3]. Furthermore, the agency works to mitigate the risks of predatory lending by fostering financial literacy and collaborating with other sectors to protect consumers, as evidenced by [4], [5], and [6].
Facts (3)
Sources
Predatory Lending Resources | FDIC.gov fdic.gov 2 facts
claimThe Federal Deposit Insurance Corporation (FDIC) addresses predatory lending by taking supervisory action, encouraging banks to serve all community sectors, and providing consumers with information for informed financial decisions.
claimThe Federal Deposit Insurance Corporation (FDIC) addresses predatory lending by taking supervisory action, encouraging banks to serve all community sectors, and providing consumers with information to support informed financial decisions.
Financial Ethics 101: Predatory Lending - Seven Pillars Institute 7pillarsinstitute-org.sevenpillarsconsulting.com 1 fact
referenceThe Federal Deposit Insurance Corporation (FDIC) identifies predatory lending as involving at least one of the following: (a) making unaffordable loans based on borrower assets rather than ability to repay, (b) inducing a borrower to refinance a loan to charge high fees, or (c) engaging in fraud or deception to conceal loan terms from unsophisticated consumers.