The lending industry argues that charging prepayment penalties to borrowers who pay off loans early is fairer than increasing interest rates for all borrowers to cover the lender's upfront costs.

Authors

• Person: Not available Organization: U.S. House of Representatives, Committee on Banking and Financial Services
  Predatory Lending Practices - House.gov

Sources

• Predatory Lending Practices - House.gov commdocs.house.gov U.S. House of Representatives, Committee on Banking and Financial Services via serper

Referenced by nodes (1)

• prepayment penalties concept