Predatory lenders are defined as lenders who utilize fraudulent, unfair, and abusive loan terms, including ultra-high interest rates and fees, aggressive and deceptive sales tactics, and terms that strip borrowers of their equity.

Authors

• Person: Not available Organization: Maine Center for Economic Policy
  Predatory Lending — An Explainer - MECEP

Sources

• Predatory Lending — An Explainer - MECEP www.mecep.org Maine Center for Economic Policy via serper

Referenced by nodes (1)

• predatory lenders concept