A loan is defined as predatory if the annual percentage rate (APR) at consummation exceeds the yield on comparable Treasury securities plus 8% for first-lien loans or 10% for subordinate-lien loans.

Authors

• Person: Yuqing Li Organization: 7 Pillars Institute
  Financial Ethics 101: Predatory Lending - Seven Pillars Institute

Sources

• Financial Ethics 101: Predatory Lending - Seven Pillars Institute 7pillarsinstitute-org.sevenpillarsconsulting.com Yuqing Li · 7 Pillars Institute via serper

Referenced by nodes (2)

• predatory lending concept
• annual percentage rate concept