Mr. Bartlett argues that 'steering'—the practice of placing a borrower into a higher interest rate loan than they qualify for due to their lack of financial sophistication—is an offensive practice incentivized by current lending structures.

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 (2)

• Bartlett entity
• Steering concept